Mark A. DeWeaver

Articles

China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes

11/21/2020 Mises Wire Mark A. DeWeaver

Listen to the Audio Mises Wire version of this article. On October 29, the nineteenth Central Committee of the Chinese Communist Party concluded its fifth plenum, a four-day meeting devoted primarily...

The Fed’s New Policy Risks a Return of the 1970s

09/10/2020 Mises Wire Mark A. DeWeaver

On August 27, the Federal Reserve released an important revision to its monetary policy strategy, replacing 2 percent price inflation targeting—initially adopted in 2012—with a new approach in which...

Why Smarter Computers Won’t Make Socialism More Workable

08/18/2020 Mises Wire Mark A. DeWeaver

Austrian economists have traditionally argued against central planning on the grounds that much of the economically relevant knowledge in society could never be made available to a single planning...

Media

China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes

12/01/2020 Mark A. DeWeaver

The trouble with China’s new five-year plan is that it attempts to solve problems while leaving their underlying structural causes unaddressed. In this it is not unlike the final Soviet five-year plans of the 1980s.

Modern Monetary Theory’s Connection to Soviet-Era Money

07/20/2020 Mark A. DeWeaver

MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.

Goverment-Subsidized Technology Won’t Save China’s Economy

06/23/2020 Mark A. DeWeaver

China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.

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