Mises Wire

Why Official Inflation Measures Don't Work

InflationOther Schools of ThoughtPhilosophy and Methodology

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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Why Those COVID-19 Models Aren't Real Science

Bureaucracy and RegulationHealth

Blog05/22/2020

Lord Kelvin once said, “If you cannot measure it, then it is not science” and “your theory is apt to be based more upon imagination than upon knowledge.” This would certainly seem to apply to the many COVID-19 models now used to destroy human rights across the globe.

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Why an Economy Can't Work without Market Prices

Calculation and KnowledgePrices

Blog05/21/2020

Prices determined in the marketplace are absolutely essential to a functioning economic system.  This is no less true if today's property was redistributed unjustly in the past. Market prices today are the path to recovery.

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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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