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Medical practices in less competitive health-care markets charge more for services, according to a study conducted by researchers at the Stanford University School of Medicine and the National Bureau of Economic Research.
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Less red tape is good for business. What is good for business is good for the economy and jobs. Today Donald Trump signed an executive order requiring that for every new regulation, 2 old ones must go.
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The Trump administration has confirmed a prominent marijuana legalization advocate is being considered to head the Food and Drug Administration (FDA).
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Hundreds of thousands of feminists are currently marching throughout the streets of major cities around the world trying to get politicians to pass laws that will force employers to pay men and women the same. They feel there is massive discrimination against women, however when you look at the statistics within proper control groups you find the opposite is true, that men are earning less pay then women.
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Though he was a minor Beatle, he made a profound statement. Ringo Star was once quoted saying, "Anything the government touches, turns to crap." Ringo was absolutely right when he said that.
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Donald Trump has threatened four American companies into changing their business plans. This is a huge threat to the very notion of free market capitalism.
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Professional drivers such as Limo and Taxi employees are calling for the ban of self-driving Uber cars to be brought to New York in fear of losing their jobs to automation
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Recently it was reported that eight men are as wealthy as 50% of the entire world. Many people are claiming a broken economy, as these men are leaders of large corporations. The solution however to this unbalance in the economy could be an increase in small business rather than a complete rethinking of our economic structure.
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We love beautiful architecture, especially when it is empowered by private enterprise. This week the American Institute of Architects (AIA) released the winners of the 2017 Honor Awards, the professions highest recognition of works that exemplify excellence in architecture, interior architecture and urban design.
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Two airlines are now offering flights between Europe and America for only $69. WOW Air and Norwegian Air said, they can lower ticket prices this much due to them having the latest energy efficient aircrafts, the strengthening US dollar and the recent decline in jet fuel prices.
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Amazon has announced it will create 100,000 jobs over the next 18 months. Currently Amazon has about 268,900 employees and will look to increase that figure to 368,900 by mid-2018.
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In September of 2016 the medical community, and the United States congress, were appalled when healthcare company Mylan Inc. announced a 500% price increase (now currently at a cost of $608 dollars) for a two-pack of allergy attack saving EpiPens. The free market once again comes to the rescue as CVS has just announced it is selling a generic version of the drug at a sixth of the price.
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As of December 2016, the National Federation of Independent Business reported that small business confidence was up to 105.8 points, the highest rating since December 2002.
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One thing this new year brings with it will be higher salaries for unskilled workers... well, either that or less jobs for them, higher expenses for them and everyone else, longer wait times to get service and many businesses with either be forced to automate their low skill jobs or will just shut down completely.
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We love hearing about private industry successes, especially those from tech companies. One of the big players of the entrepreneurial tech world is Elon Musk who has some exciting times ahead for the new year. Musk who claims to be socially liberal and fiscally conservative seems to have a vast understanding of technology and business.
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People say the free market promotes selfishness and we need the govt to regulate everything so people don't take advantage of others.
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The free market is a truly awe-inspiring complex of relationships in which the rational self-interest of individuals unites all industries, all markets, all occupations, all production, and all consumption into a harmonious, progressing system serving the well-being of all who participate in it.
- George Reisman