Obamacare – An Austrian Economics Lesson
Mandeville, LA – Exclusive Transcript – In Human Action, you learn one of the principles of the Austrian economists is you can’t predict what people are going to do. A scheme like the Affordable Care Act is what you should call a planned market. It is a centrally-planned market. Centrally-planned markets don’t work. They do not deliver what it is they are created to deliver. They don’t deliver it because they can’t. It is impossible to predict human action, thus […]