Mises Wire

Fear Makes It Easy for Governments to Expand Power

Big GovernmentHealthLegal System

Blog03/25/2020

Why are governments so enthusiastic about shutting down businesses when other less draconian measures are available and prudent? The answer lies in the fact that governments can act with near impunity and want to maximize their power.

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The Use of Knowledge in Entrepreneurship

Calculation and KnowledgePrices

Blog03/25/2020

It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society. 

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The State Has Seized Many New Powers. It Won't Let Go of Them Easily.

Big GovernmentEconomic Freedom

Blog03/25/2020

The state has used this virus scare to demand that politicians and bureaucrats be given near-total control over every aspect of life, including virtually every business and employer in America. Will this now be a permanent feature of American life?

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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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The End of Civilization?

Global EconomyU.S. Economy

Even if the COVOID-19 virus turns out to be more severe than the skeptics give us reason to think it is, we can get through it. We cannot survive the end of the division of labor. It would be the finish of civilization as we know it.

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The US's COVID-19 Death Rate Is Far Below the Rates in Italy and Spain

Blog03/24/2020

Contrary to a recent headline, the US is not about to become the "epicenter" of COVID-19. In fact, the death rate of COVID-19 is lower in the US than at the same point in the timeline for many other countries we are told are comparable to the US.

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Diseases Are Bad. Government-Forced Shutdowns Are Often Worse.

Big GovernmentEconomic FreedomGlobal Economy

Blog03/24/2020

There is a reason to panic. But the panic should be over how governments—who know so very little about the virus that they have decided warrants destroying the global economy—will create many new threats to health and well-being through their policies.

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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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