Mises Wire

Why Didn't the 1958 and 1918 Pandemics Destroy the Economy? Hint: It's the Lockdowns

Blog05/21/2020

The 1958 pandemic killed twice as many people as COVID-19 has so far. Yet, the economy in 2020 has collapsed far worse than either in 1958 or the far worse pandemic of 1918.

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We’re All in This Together. But Not in the Way You Think.

CapitalismFinancial MarketsMedia and Culture

Blog05/20/2020

Some claim "the rich" will be fine—or even better off—after the COVID panic destroys the economy for most of us. But there's a problem: the wealthy depend heavily on an economy fueled by the production and consumption of all workers and entrepreneurs.

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Why Media Coverage of COVID-19 Has Been So Bad

ProgressivismMedia and Culture

Blog05/14/2020

Media outlets, both left and right, are mostly narrative driven. Also, journalists have a tendency to lazily reprint whatever "experts" say. This makes media reporting thoroughly unreliable.

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Why Does Brazil’s Bolsonaro Refuse To Lock Down His Country's Economy?

HealthLegal SystemPoverty

Blog05/11/2020

While the Left has agitated for more government spying and harsher "lockdowns," Brazil's president—perhaps fearing economic implosion—has been reluctant to crack down.

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Why Has There Been So Little Consumer Price Inflation?

InflationFinancial Markets

Blog05/11/2020

Prices of consumer goods have grown rather slowly in spite of sizable money supply growth. Why is there a gap?

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When Governments Switched Their Story from "Flatten the Curve" to "Lockdown until Vaccine"

Blog05/07/2020

At some point in early April, the official narrative switched form "don't let hospitals get overwhelmed" to "you're locked down for years until there's a vaccine."

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We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary

InflationInterventionism

Blog04/28/2020

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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What the COVID-19 Crisis Means for Europe and the Eurozone

Booms and BustsMonetary Policy

Blog04/27/2020

It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.

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