Mises Wire

COVID-19: The "Experts" Have No Crystal Ball

Media and CultureCalculation and KnowledgePhilosophy and Methodology

Blog03/25/2020

The 2016 election was an important reminder that most experts were totally wrong in their predictions of what would happen. Now the experts are claiming that freedom and markets must be abandoned based on new guesses about the future.

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Central Bankers Are Running Out of Options

Corporate WelfareMoney and Banks

Blog03/24/2020

Central bankers are panicking, and their solutions range from "buy everything that moves" to pushing interest rates even further into negative territory. Yet this doesn't seem to be helping much.

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Coronavirus Panic: From Trillion-Dollar Paternalism to "Cash for Bunkers"

Big GovernmentHealthPrice Controls

Blog03/21/2020

You are not even allowed to ask: "Is the price we’re paying worth it?" or "Is this an abundance of caution, or an overdose?" The "serious people" attack anyone who urges calm and encourages others to adopt a "don’t panic" approach. The new party line is: panic = virtue.

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Coronavirus: The EU Is No Longer a Border-Free Zone for Member Countries

Decentralization and Secession

Blog03/17/2020

As the member states of the EU begin to shut their internal borders to their neighbors, we're reminded that state-to-state open borders in a place like the US do come with a downside.

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Could the Coronavirus Be Fatal for the EU?

Decentralization and SecessionGlobal EconomyMonetary Policy

Blog03/16/2020

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.

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California Heads toward Disaster with Yet Another Rent Control Ballot Measure

Price ControlsPrivate Property

Blog03/07/2020

Rent control looks good in the short run, but over time it means less housing and higher real costs for most ordinary people.

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Christine Lagarde’s New Vision for the ECB

Financial MarketsMoney and Banks

Blog03/04/2020

Although consensus building surely is an important and noble pursuit, one would think that it wouldn't really fall within the purview of a central bank president. It’s been clear for a long time that allowing politics to influence monetary policy carries significant and numerous risks.

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Coronavirus: Central Banks Stand Ready with More "Stimulus"

Financial MarketsGlobal EconomyMonetary Policy

Blog03/03/2020

There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.

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