To Understand Public Policy, First Understand Markets

Two young boys at lemonade standWrites Robert Murphy in today’s Mises Daily:

Indeed, just about all of the “public issues” of today are crucially dependent on an understanding of sound economics, including ObamaCare, Bitcoin, quantitative easing, the trillion-dollar platinum coin, so-called “green” energy initiatives, and the “sequester.” To understand whether government intervention in a particular sector will bring desirable effects, the first task is to learn how the market economy works.

In this respect, I am pleased to announce that on January 9, we will begin a six-week Mises Academy course that offers an introduction to the Austrian understanding of the free market, unhampered by government regulations and taxes.

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