Interventionism

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Rothbard's Rules

Booms and BustsU.S. HistoryInterventionism

Blog06/11/2020

Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.

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Why "Public Goods" Don't Justify Government Intervention

Free MarketsInterventionismMonopoly and Competition

Blog06/11/2020

Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.

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Governments Have Crippled the World's Economies. Revolution May Soon Follow.

CapitalismSocialismInterventionism

Blog06/06/2020

Mises knew: “Mass unemployment destroys the moral foundations of the social order. The young people…forced to remain idle, are the ferment out of which the most radical political movements are formed."

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Progressives and the Origins of the Economic "Consensus"

ProgressivismInterventionismOther Schools of Thought

Blog06/03/2020

Why economics abandoned the analysis of human action in favor of Keynes-inspired math-centered economics.

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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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