Interventionism

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

InflationMonetary PolicyInterventionism

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.

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Facing Economic Disaster, France Turns against Globalism

Protectionism and Free TradeWorld HistoryInterventionism

Blog05/05/2020

France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.

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We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary

InflationInterventionism

Blog04/28/2020

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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Ending the Lockdowns Isn't about Saving Money. It's about Saving Lives.

Economic FreedomInterventionism

Blog04/25/2020

"Saving lives versus saving money" comparisons confuse ends with means. The end of saving the economy is not to have more money. The end is to have resources necessary to preserve the lives and health of countless human beings.

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Three Reasons Why Politicians Must Leave Oil Markets Alone

Price ControlsInterventionismPrices

Blog04/20/2020

Efforts by US policymakers to boost crude prices and to throw a lifeline to high-cost US crude producers is the exact opposite of what prices are telling us the market needs at this time.

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The Political Management of the Coronavirus Crisis

Bureaucracy and RegulationInterventionism

Blog03/30/2020

The less agile and adaptive a society is, the more severe its impotence in a crisis. Thanks to an obsessive reliance on monetary policy to fix every problem, our society has increasingly abandoned innovation and productivity.

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Governments Can't Fix This Economic Crisis They Caused

Global EconomyInterventionism

Blog03/27/2020

The US and the world will rise from this crisis. What the government has to do is allow it. The government is there to facilitate, not to pick winners and losers.

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No, Technology Shocks Aren't Behind Recurring Business Cycles

Business CyclesInterventionismOther Schools of Thought

Blog03/19/2020

Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics think that technological shocks can explain 70 percent of economic fluctuations in postwar US data. Unfortunately their quantitative methods are simplistic and ignore the real problem: central banking.

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"Heritage" Designation of Old Buildings Is Both Wasteful and Arbitrary

Free MarketsInterventionismPrivate Property

Blog03/05/2020

After an old red barn was given "heritage protection" by the city council, the owner demolished it anyway. Many townspeople cheered the defiance of the council's blatant violation of property rights.

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