All Posts Tagged With: "shortages"
Government in Business
In the midst of nationwide prosperity, some economic and social problems keep nagging at the public. All over the country, they take the same form. What are they? Traffic congestion, inadequate roads, overcrowded schools, juvenile delinquency, water shortages.
1Oct2006 | Murray N. Rothbard | 0 comments | ContinuedThe Price of Free Health Care
Many health-reform proposals in the United States are modeled on the Canadian healthcare system. The usual claim is that a program similar to the one in Canada would provide all Americans access to the finest medical services while managing to be less expensive than the status quo. Unfortunately, these wonderful visions of socialized health care [...]
1May2005 | Nadeem Esmail | 2 comments | ContinuedHow Government Destroys Medical Care
News in August that Northridge Hospital Medical Center’s Sherman Way Campus, the San Fernando Valley’s oldest hospital, would be shutting its doors, was greeted by Los Angeles County residents with the same sense of resignation that has greeted other recently announced hospital closures. Another hospital or emergency room closing? What else is new? Earlier in [...]
1Feb2005 | Steven Greenhut | 0 comments | ContinuedSocialized Medicine Is the Problem
Recently, Canadian Prime Minister Jean Chrétien changed his mind about his country’s system of socialized medicine. After long and hard opposition, he now favors a two-tier health system, including user fees and private provision. This makes it all the more important to take another look, not just at the surface of state-run medical care, but [...]
1Dec2001 | Walter Block | 6 comments | ContinuedWhatever Happened to the Egyptians?
“Governments are generally reluctant to admit mistakes and to change mistaken policies until much harm has been done.” —P. T. Bauer and B. S. Yamey 1 In Whatever Happened to the Egyptians? (American University in Cairo Press, 2000), a popular book in Egypt, author Galan Amin raises a good question. Thousands of years ago Egypt [...]
1Aug2001 | Mark Skousen | 0 comments | ContinuedThe Force of Economics
Ninos Malek teaches economics at Valley Christian High School in San Jose, California, and is an economics lecturer at San dose State University and DeAnza College. A long time ago, in a galaxy far, far away . . . there were economists who tried to explain economics in clear terms. Unfortunately, there are only a [...]
1Dec1999 | Ninos P. Malek | 0 comments | ContinuedPrice Ceilings Cause Shortages and Higher Costs
The coordination of demand and supply, which we discussed last month, does not occur automatically. It is an example of Adam Smith’s invisible hand, which leads people interested only in pursuing their own interests to make choices that promote the interests of others as well. But the invisible hand, as amazing as it is, works [...]
1Nov1998 | Dwight R. Lee | 0 comments | ContinuedRisk and Business Cycles: New and Old Austrian Perspectives
Leland B. Yeager is Ludwig von Mises Distinguished Professor Emeritus of Economics at Auburn University. The Austrian theory of the business cycle describes how expansion of money and credit can cause recession or depression. Perhaps under political pressure to cut interest rates, the monetary authorities expand bank reserves. Business firms find credit cheaper and more [...]
1Sep1998 | Leland B. Yeager | 1 comment | ContinuedThe Central Economic Fallacy of the Century
Dr. Yates is adjunct research fellow with the Acton Institute for the Study of Religion and Liberty and the author of Civil Wrongs: What Went Wrong with Affirmative Action (San Francisco: ICS Press, 1994). The late Murray N. Rothbard once published a major article titled “Ten Great Economic Myths.” Included on Rothbard’s hit list were [...]
1Nov1997 | Steven Yates | 0 comments | ContinuedThe Political History of Economic Reform in Russia, 1985-1994
Dr. Maltsev is associate professor of economics at Carthage College in Wisconsin. The economic and political collapse of the Soviet Union was a surprise only to the CIA, Sovietologists, and fellow travelers of Communism in the West. For people like Dr. Vladimir Mau, who followed the direction of economic and political developments in the USSR [...]
1Aug1996 | Yuri N. Maltsev | 0 comments | Continued-
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