How the Fed Sows Social Division and Mistrust
As the central bank continues to pick winners and losers with its profligate monetary policy, social divisions will worsen.
Mises Wire
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Even Partial Liberalization Can Save a Nation from Poverty
Without markets, it would have been impossible for a country like Rwanda, ravaged by the war, to achieve the growth it has experienced over the past twenty years.
What If the Fed Did Nothing?
As with current Fed policy, there would be both winners and losers if the Fed did nothing. Either way, there will be pain, but without the Fed we'd actually build the foundation for a more sound and lasting economic system.
The Political Management of the Coronavirus Crisis
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.
This Is Not a Recession—This Is a Government-Imposed Shutdown of the Private Sector
We are about to enter a production slowdown—a collapse, really—not because some businesses miscalculated their investments, but because government intervened drastically and without warning to shut down all businesses.
What Would Rothbard Say about the COVID-19 Panic?
No matter what the situation, no one has the right to compel someone to act for another's benefit, and that includes forced quarantines, business closures, and expropriations of medical equipment in the name of "public health."
Canada Has Abolished Civil Liberties in the Name of “Safety”
The various levels of government in Canada have responded to the coronavirus pandemic. Their ill-advised solutions are to inflict economic hardship and withdraw civil liberties. The longer these authoritarian policies persist, the greater the risk to the social fabric.
The New Euro Stimulus Won’t Save the Greek Economy
The Greeks haven't saved or produced enough to justify their high standard of living compared to other countries of the world. This is a fragile bubble economy made possible by European central bankers.
How Governments (and the Fed) Make Life Harder for Young Families
Government institutions, including central banks, have long been responsible for increases in the cost of living. But the burden often falls most on those who are just starting out in their adult lives.
“Cost Cutting” Is Necessary to Expand Real Investment
Many economists today think it's a bad thing when companies cut costs to increase profits. But this is a good thing that limits wasteful spending while setting the stage for more investment elsewhere.
