Mises Wire

The money supply metric is following the usual pattern that precedes a recession and economic crisis.

These famed "tools" of the central bank are nothing but cunning and arcane techniques for conjuring additional trillions of dollars out of thin air and pumping them into the global economy.

Sinister forces in American political life are using the coronavirus crisis to incite war with China and to stir up bad feelings toward the Chinese people. But war with China should be the last thing people want.

By announcing that it is willing to throw up to $1.5 trillion in electronically created money in order to give three-month loans to those institutions that bought Treasury debt earlier, the Fed is bailing out not only the holders of Treasury debt, but also the Treasury itself.

With both major political parties seemingly uninterested in the long-term fiscal stability of the United States, the only near-term solution for the spendthrift class in Washington, DC, is to either raise taxes or spend recklessly.

As the nation-states take the brunt of their economic collapses on the chin, they will begin to realise that the EU superstate is little more than an obstructive and costly irrelevance.

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

If he were honest, rather than declaring that "America will never be a socialist country," Trump would simply say, "my socialism is better than Bernie's socialism."

The Italians could learn some lessons about healthcare from the South Koreans, who still maintain a robust private market in health insurance.  Although the Koreans have relatively ample resources for COVID-19 patients, Italy's state-dominated system is quickly running out of options.

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.