The Housing Crisis and Austrian Business Cycle Theory
Even though the “Great Recession” is a recent event, it is still largely misunderstood.
Brittany Hunter is an established writer who contributes to many top Libertarian and Austrian Economics publications. She studied political science with an emphasis in Constitutional studies at Utah Valley University and is currently working toward law school.
In addition to her work for Center for Individualism, Brittany is also an editor at Foundation for Economic Education and contributor for Mises Institute.
Even though the “Great Recession” is a recent event, it is still largely misunderstood.
As with most regulations, when you dig deeper you uncover the underlying motivation: protectionism from others refusing to compete.
But these Bird scooters seem too popular with consumers to cower under the first signs of a struggle. After all, Uber and Lyft have both had to endure similar attempts at regulation, but they have managed to survive because consumers vote with their dollars.
Instead of trying to fix our broken system it’s time to practice some creative destruction and abandon the old ways in favor of new tech-centered approaches to health care.
So instead of mourning the loss of Sears, let us celebrate how lucky we are to live in a world where the market is constantly evolving and allowing consumers access to better goods and services.
Now, every time a woman is asked to serve on a board of directors, she will wonder whether she is being chosen based on her skills, or because the company in question wants to avoid having to pay a government fine. This is not gender equality.
And while voting might not be the end all be all when it comes to safeguarding individual freedom, inhibiting big governments from meddling in elections serves to give further power to the individual by ensuring their unique vote is properly accounted for.
When Uber and Lyft first hit the market, it completely revolutionized the concept of “hailing” a cab. And while the ridesharing industry has offered us safe and reliable alternatives to the outdated cab industry, innovation is constant.
Since the sea is unclaimed territory, creating medical facilities, whether on ships or floating islands, allows medical innovators to bypass the regulatory processes that are keeping patients from receiving the care they need.
Digital eye exams offered through companies like Opternative and subscription-based services like Hubble are helping to decentralize vision coverage, making it more affordable and accessible to everyone, whether they have insurance or not.
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