Mises Wire

Left and Right, Many Are Turning toward De Facto Secession—and That's Not a Bad Thing

Anti-PoliticsDecentralization and Secession

Blog03/13/2020

Remember how election day used to be a day of national relief, no matter who won? Regular people were happy that our political warring was over for a while, at least. But we don't live in that country anymore.

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Markets vs. Socialism: Why South Korean Healthcare Is Outperforming Italy with COVID-19

Global EconomyHealth

Blog03/13/2020

The Italians could learn some lessons about healthcare from the South Koreans, who still maintain a robust private market in health insurance.  Although the Koreans have relatively ample resources for COVID-19 patients, Italy's state-dominated system is quickly running out of options.

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Socialist Destructionism

Socialism

Blog03/12/2020

Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.

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Modern Monetary Theory Is an Old Marxist Idea

Monetary PolicyMoney and BanksSocialism

Blog03/12/2020

Modern monetary theory (MMT) conveniently facilitates dangerous policies and ideas that seemed unrealistic, like universal basic income and “helicopter money,” and that have been particularly propagated by government-sponsored economists for the past few years. 

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The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

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Let's Give Bernie-Syle Socialism a Try in California First

Decentralization and SecessionSocialismTaxes and Spending

Blog03/11/2020

For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.

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Will More Easy Money Strengthen the Ailing Economy?

Booms and BustsMoney and Banks

Blog03/11/2020

Lower interest rates won't make an economy grow. What matters is real savings.

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The CDC's Budget Is Larger Now Than Under Obama

Blog03/11/2020

Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.

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