Why Austrian Economics Matters

The Core of What Economics Teaches

Robert P. Murphy — Sat, 01 May 2010 01:00:00 -0500

Austrian economists do have a realistic way of looking at human action. A policy of getting further into debt when you are already deeply in debt just doesn't make sense to them. They see the unintended consequences to not only increasing the money supply, but also policies like price controls, minimum wages, seat belt laws, and the Endangered Species Act. They see that whenever you commit to one course of action you have given up doing a different opportunity. They know that prices are all subjective, not based upon objective costs or labor.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

Why Free Markets Matter

Thomas E. Woods, Jr. — Sat, 01 May 2010 01:00:00 -0500

A free market is just people making voluntary exchanges. Woods makes an example out of the creation of a ham sandwich. Welfare and warfare undermine the natural economic harmony of large scale social cooperation - the free market. Interventions of all type have unseen negative consequences like impoverishment.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

Technology and the Market

Jeffrey A. Tucker — Sat, 01 May 2010 01:00:00 -0500

Tech advances only happen under freedom, they do not just happen. Collectives do not make technology, only individuals do. Eliminating taxes would encourage investments. Tearing down all interventions and regulations would free enterprise. Patents have distorted innovation. They are not necessary.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

Is Healthcare a Basic Human Right?

Douglas E. French — Sat, 01 May 2010 01:00:00 -0500

When government assigns positive rights to others, some of us will be forced to pay for it. No right to healthcare is a legitimate right. You have a right to seek the healthcare you need through voluntary exchange, but no right to force someone else to pay for it. Medical socialism robs us of choice.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.

What is Sound Money?

Joseph T. Salerno — Sat, 01 May 2010 01:00:00 -0500

Sound money even sounds heavier than unsound money. Gold and silver originated on the market and reigned as the preferred money because the metals were easily portable, homogeneous, highly divisible, highly durable, and naturally scarce. Paper has none of those attributes.

Hosted at the Mises Institute on 30 April 2010. Sponsored by Jeremy S. Davis.