Mises Wire

The Economics of Healthcare: Market Failure or Faulty Models? (Part 2)

Health

06/28/2019Audio/Video
Accad and Koka discuss with Bob Murphy how economists conceive (or misconceive) of medical care, and what the implications are for the US healthcare system as a whole.
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Returns, Refunds, and Opportunity Cost

The EntrepreneurEntrepreneurship

Blog06/28/2019

A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.

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Government "Accountability" Isn't Real Accountability

Bureaucracy and Regulation

Blog06/28/2019

Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.

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Rest Easy, Justin

06/27/2019Power & Market

Justin Raimondo, longtime editor of AntiWar.com and a great friend of the Mises Institute, has died.

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CNN Admits There Are Serious Problems with Central Banks' Low-Interest-Rate Policy

Money and Banks

Blog06/27/2019

There is reason to believe low-interest rate policy has lowered productivity, lessened economic growth, and favored large firms at the expense of small firms and innovation. Greater inequality and stagnating wealth has resulted.

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Review: Austerity: When It Works and When It Doesn’t

Taxes and Spending

06/27/2019Quarterly Journal of Austrian Economics
Mark Thornton reviews Alesina, Favero, and Giavazzi's book, which argues that austerity plans based on tax increases fare much worse than plans based on reducing expenditures.
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