Monthly Archives: July 2009

Econ Lesson: The Rationing of Medical Care

  Like most things, the use of medical services must be rationed. But who should do the rationing?   All things that are desired and cannot be provided without cost (as we used to say about air) must be rationed. … Continue reading

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Las Vegas

For the second year in a row I participated in Mark Skousen’s FreedomFest here in Las Vegas. This year I spoke on “Inflation, Hyperinflation, and Will We Have One” and I debated “Fed up with the Fed: Should We Abolish … Continue reading

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Government corruption of our economy

I have noted on several occasions (most recently “State Ownership of Businesses) the growing threats to America’s economic productivity of ever greater government involvement in the economy. This productivity is the basis of our high standard of living and of … Continue reading

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Nairobi, Kenya

My latest two weeks in Nairobi are over. I am quite happy with the progress being made by the Central Bank of Kenya in developing its capacity to formulate and implement monetary policy. My advice in these areas has enjoyed … Continue reading

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