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The Medical Crisis and the Need for Radical Procapitalist Reform The Right to Medical Care and the Causes of the Medical Crisis The potential for a limitless rise in the price of medical services The potential for a practically limitless increase in the quantity of medical care demanded Irrational medical malpractice awards Perverting

Anita Dunn , is described by the online encyclopedia Wikipedia as “one of the major decision makers of the Obama campaign” and as one of Obama’s “four top advisers (along with David Axelrod, David Plouffe, and Robert Gibbs).” She currently holds the position of “White House Communications Director.” She is married to the President’s personal

[This talk was given at Economic Downturn: Cause and Cure ( Mises Circle , Sponsored by Louis E. Carabini) Newport Beach, California, November 14, 2009.]   Good afternoon, ladies and gentlemen: As you all know, we are in a severe economic downturn. The official unemployment rate now exceeds 10 percent and according to many observers is actually

The essential features of the boom-bust business cycle can be understood by viewing them in terms of the financial circumstances of a single individual. Thus, imagine that an ordinary person has been going about his life more or less living within his means. And now, one day, he receives a registered letter from a major bank. The letter informs

There is a fundamental fact about the world that has profound implications for the supply of natural resources and for the relationship between production and economic activity on the one side and man’s environment on the other. This is the fact that the entire earth consists of solidly packed chemical elements. There is not a single cubic

Sunday’s New York Times carries an article titled “The Blur Between Spending and Taxes.” The author is Harvard Professor N. Gregory Mankiw. The essential theme of the article is that the government is spending when it decides to forgo tax revenue that it otherwise could have collected. Indeed, tax revenues forgone in the enactment of tax

Labor unions like to argue that the payment of higher wages is to the self-interest of employers because the wage earners will use their higher wages to make additional purchases from business firms, thereby increasing the sales revenues and profits of business firms. However, wrong and foolish it may be, this is an argument worth analyzing in

Expenditures under the Social Security and Medicare programs account for approximately one-third of total federal government spending. It is obvious that any major reduction in government spending requires major reductions in spending for these programs. Unfortunately, Social Security and Medicare are generally regarded as sacred and thus

“The wealth of the 1 percent provides the standard of living of the 99 percent.” The protesters in the Occupy Wall Street movement and its numerous clones elsewhere in the country and around the world chant that 1 percent of the population owns all the wealth and lives at the expense of the remaining 99 percent. The obvious solution that they

The Occupy Wall Street protesters were allowed to remain in New York’s Zuccotti Park for two months, against the will of its private owners. They were clearly trespassers, indeed, much worse than garden variety trespassers, who almost always quickly leave. They were there prepared to stay indefinitely. In effect, they were literally attempting to