The Good, the Bad, and the Ugly Credit Crisis
When the Fed board meets next week, they'll likely pick one of three options. They're all bad, but some are downright ugly.
Power & Market
Displaying 1941 - 1950 of 2867
The Moral Authority of the Lockdown Fetishists Is Gone. Thank the Protestors and Rioters.
The next time lockdown fetishists demand more coerced social distancing, many will say: "Social distancing didn't matter to these experts very much back during the protests in June. Why should we believe them now?"
Pandemic Wagering: Tesla or Table Tennis?
If one were looking for clues as to why the stock market has rebounded while daily economic news grows worse, besides the Federal Reserve's Jerome Powell's "flooding of the market" with liquidity, another reason could be the flood of new punters betting on stocks, from high-flying tech shares to dead-in-the-water leisure stocks.
Notes on Trump’s Executive Order for Tech Companies
Executive orders are inherently suspect and generally bad, not simply because of (at this point laughable) constitutional concerns, but because they establish another layer of de facto "laws" for which you and I have little legal recourse.
The Importance of “Fedspeak”
Federal Reserve operatives deliberately use vague and confusing language to mask the fact that their own policies are in fact vague, imprecise, and based on wishful thinking.
The Cost of Lockdowns in Human Health and Human Lives Is Becoming Increasingly Clear
Of course, anyone who deals in interacting with the real world (i.e., not lifelong bureaucrats like Fauci, who needs not exhibit any actual competence to collect his $400,000 paycheck) understands that preserving and augmenting wealth is key in enhancing health and life.
In the Lockdown Fight for Local Control, Colorado Counties Begin to Ignore State Edicts
Some county governments in Colorado have made it clear that they don't intend to adhere to the governor's ongoing edicts requiring business closures and mandating social distancing. And it's unclear that the governor is willing to burn the political capital to force county governments to do so.
The CDC Slashed the COVID-19 Fatality Rate to a Fraction of Earlier Estimate Used to Justify Lockdowns
Extraordinary claims require extraordinary evidence. The prolockdown crowd has been making extraordinary claims. Meanwhile, they have produced little evidence to support their claims.
New Donation to the Mises Institute Archives: The Voluntaryist Collection
We received a new donation from Mr. Carl Watner entitled The Voluntaryist Collection.
Oliver E. Williamson (1932–2020)
Oliver E. Williamson, 2009 Nobel Laureate and founder of "transaction cost economics," has died at age 87. Here is a short piece I wrote on Williamson and Austrian economics.
