In the present debate on Obamacare, all possible alternatives are simply a move from one interventionist economy to another, and this only distracts us from the real alternative: a radical rolling back of the state.
On Mises Weekends this week, Jeff talks about crony capitalism with Nick Sorrentino, proprietor of AgainstCronyCapitalism.org. Jeff and Nick discuss how huge public companies — think defense giants like Lockheed Martin and Boeing — engage in an obvious form of fiscal cronyism, while Wall Street funds and investment banks engage in what we might call monetary cronyism. And they also discuss how average people reap undue benefits in a million small ways, from selling their homes in artificially overheated markets to making money from small businesses made possible only by bubbles. Is that tech startup really "worth" a $50 million payout to the founders? Thanks to the endless distortions of crony capitalism, we may never know.
Next week Dr. Mark Thornton will begin his three-part live online lecture series on the Economics of Marijuana. Dr. Thornton will explain how prohibition has changed not only the market for marijuana, but also the characteristics of the drug itself. He will also demonstrate how the best solution for the "drug problem" is the free market. Enroll today!
And in case you missed any of them, here are the articles featured this week on the Mises Wire: