It feels like it’s been months, but it’s only been a few weeks since the world’s central banks started forcing down their key interest rates to historical lows around the world. In those places where rates weren’t reduced, the central banks have adopted vast quantitative easing plans. In some places, central banks have both reduced rates and adopted new QE.

To trace the epistemological basis of praxeology, it is necessary to understand that Ludwig von Mises, “takes from Kant his central conceptual and terminological distinctions, as well as some fundamental Kantian ideas about the nature of human knowledge” (Hoppe, Economic Science and the Austrian Method (2007), p. 17). It is therefore obligatory to review the Kantian postulates.

Back in October, the Fed already knew there was a liquidity problem. This is why in September, the Fed began a new round of quantitative easing to essentially bail out the repo markets.

The jobless claims figures of the past two weeks have been unprecedented and alarming. However, knowing that the data will continue to be concerning, we need to analyze how quickly the economy can can heal and go back to the previous path of record job creation.

It’s no exaggeration to say that most of the blame for the world’s poor response to the coronavirus pandemic can be laid squarely at the feet of politicians and bureaucrats.

The stadium naming curse is well known. Enron Field, Adelphia Coliseum, and MCI Center are just a few examples of bankruptcy following a company’s name adorning its home team’s stadium or arena. Financial trouble typically comes after the name is attached and the team plays some games.

The imposition of lockdowns to counter the spread of the infection from the coronavirus is likely to severely damage the real economy. As a result of these lockdowns, economies have ground to a total halt. The production of goods and services has stopped while at the same time the enhancement and improvement of productive infrastructure has been terminated.

Does it make much sense to counter the damage caused by the virus by stopping the economy? It is akin to trying to fix a headache by chopping one’s head off.

When in search of an example of libertarianism or so-called right-wing anarchism, many antistatists are quick to reference practical plans based on systems we already have, such voluntary insurance companies or security firms’ replacement of the role of the state. But this usually doesn’t satisfy the the other side. They want a historical, material example of anarchism or radical libertarianism in practice in a specific place and time. It can be hard to name a place like that.  Most “anarchist” polities have been coercive, such as the Paris Commune.