Mises Wire

The shortages and lack of flexibility caused by government red tape during the COVID-19 crisis has forced many governments to rethink their many arbitrary and unnecessary regulations.

Despite many attempts at doing so, governments have never been able to conjure up more goods and services through price controls and other regulations.

It is precisely during a crisis that private property, the price mechanism, and the profit and loss system are most important, and when the government can do the most damage.

Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the principle of bureaucratic supremacy?

Campaign finance laws favor incumbents and the rich and famous. Real change requires more freedom and decentralization in how campaigns are funded.

The federal government must accompany any loan forgiveness with a repeal of all programs for subsidizing and guaranteeing loans. Anything less would be a formula for socializing higher education.

Both renters and landlords have plenty of troubles when it comes to working together. But putting government regulators in the mix won't help matters.

The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people must decide for themselves how and when to reopen society and return to their daily lives.

Can the US dollar lose its global reserve position? Sure it can, but not to a country that decides to commit the same monetary follies as the Fed. Most countries are trying to out-inflate the Fed. And that's good for the Fed.

Federal agencies have destroyed the separation of powers that is supposed to exist in the US legal system, so agency bureaucrats now act as investigators, prosecutors, judges, and juries.