Colorado Springs Liberty on the Rocks

The one sector governments left mostly alone delivered forty years of continuous price collapse and it destroyed the central planners' core argument in the process. A transistor that cost $7.50 in 1961 costs less than a millionth of a cent today. Your 2026 smartphone carries more computing power than a 1990 Cray supercomputer that cost $30 million. Storage, bandwidth, processing speed: every metric deflated while quality exploded. This is what markets do when the state steps back. Compare that to healthcare, education, and housing, three sectors drowning in subsidies, licensing regimes, and regulatory capture. Prices in all three outpaced inflation every decade since 1980. Government intervention reprices risk, blocks competition, and rewards incumbents for lobbying instead of innovating. The Federal Reserve spent those same forty years printing money and insisting deflation was catastrophic. Falling prices drive demand, not panic. Intel, Apple, and AMD competed ferociously, drove costs down, and generated trillions in real wealth. Nobody waited to buy a computer because prices might fall next year. Mises identified capital allocation as the economy's core problem: who decides where resources go? Entrepreneurs decided in tech, taking losses when wrong and profits when right. Bureaucrats decided in healthcare and education, socializing losses and mandating consumption. You live with the consequences of that distinction every single day, every time you renew your health insurance and watch the premium climb while your phone bill drops.