Interventionism

Only these four steps, although drastic, will restore a fully free market in medical provision.

The right path to healthcare reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make healthcare run the same way as the post office.

Prices and wages as determined in a free market, unrigged by political intervention, are the best means of insuring the production and equitable distribution of the goods and services all men seek.

Only the Austrian School can explain how the central bank causes boom – bust cycles, and why "stimulus" deficit spending only makes things worse.

"The products of our schools, for the most part, are incompetent to think and act intelligently, honestly, and bravely in this difficult era."

The individual is always ready to ascribe his good luck to his own efficiency…. But reverses of fortune he always charges to other people…."

Recorded at Mises University 2009.

These advocates of a "mixed economy," well meaning and sincere though they may be, fail to realize that there can be no such thing as a "mixed economy" — part capitalistic and part socialist. Production is directed either by the market or by a National Production Authority.

"The protectionists speak of trade with the contempt of feudal nobles, but on examination it appears that they have something to sell, and that they mean to denounce trade with their rivals."

"The state as an abstract entity took on bodily form and was revealed, in the world wars of the 20th century, to be an all-devouring monster."