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Ethics

COVID Ethics: It's Immoral to Confine Innocent People Who Might Be a Threat

Blog15 min ago

The possibility that someone might pose a threat to another at a future time is not sufficient reason to revoke a person's property rights.

The Chicago School versus the Austrian School

05/26/2020Mises Daily Articles
Although it's true that Austrians agree with Chicago economists on many policy issues, their approach to economic science is very different.

How We Might Respond to a Panedemic Were Society Not So Dominated by the State

Blog05/26/2020

The state currently enjoys a vastly unbalanced share of the power within a society, such an arrangement is not in any way preordained, and the assumption that it must be betrays a narrowness of vision and a lack of historical knowledge.

The Fed Is Doing "Whatever It Takes" to Prop Up the Economy. That's a Very Bad Thing.

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

The Big Reason Mises Rejected Marx's Dialectical Materialism

Blog05/25/2020

The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.

The Folly of "Ask What You Can Do for Your Country"

Blog05/25/2020

Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.

To Prevent Problematic Inflation, We Need More Production. Which Means There's Trouble Ahead.

Blog05/25/2020

Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

Central Banks Are Destroying What Was Left of Free Markets

Blog05/23/2020

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

Why Official Inflation Measures Don't Work

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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