I was recently involved in a car accident in which I managed to smash the front end of my Chrysler — one consolation is the fact that it was a Chrysler and so was not much of a loss. I sat around for a minute or two, trying to figure out what had just happened. Finally, I got out of my car to talk to the driver of the truck I had hit. While filling out the claims report and talking to my insurance company, I could not help but examine my experience through the lens of Austrian economics and the free market. Read More

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