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- W2560252718 abstract "This past fall I made two trips to Washington, D.C., not to ask for anything, but to relay a real-life story and example of the free market at work in medical practice, particularly as it relates to the surgery center I co-founded. At one point I found myself in the “members only” dining room in the Capitol, just down the stairs from the House chamber, with four U.S. Representatives. One conversational thing led to another and I found myself paraphrasing Murray Rothbard, who is considered the dean of the Austrian school of economics and the founder of libertarianism. I asked these men what their reaction was to the following: Rothbard had stated that governments are formed by men, ultimately to secure some advantage otherwise unavailable to them; and that by extension, the same was true of laws, that is, that their primary purpose is a grant of privilege to those advocating those same laws. Their reaction was interesting. These men all agreed that in the vast majority of cases, the legislation they were asked to promote or support fit this characterization. I relate this vignette because I find the uncompromising approach to political economy, an approach championed by Rothbard, Ludwig von Mises, and others, to be more and more vindicated over time. As Nobel prizewinner Friedrich Hayek said of Mises, “At first we all felt he was frightfully exaggerating and even offensive in tone. You see, he hurt all our deepest feelings, but gradually he won us around….” Similarly, Rothbard’s views on the corruption of government were vilified as extremist, but his warnings and conclusions appear more and more correct as time goes by. He was just ahead of his time and of most of his peers." @default.
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- W2560252718 date "2012-01-01" @default.
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- W2560252718 title "The Affordable Care Act: Does the Supreme Court Decision Matter to Its Proponents?" @default.
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