Mises Wire

How the COVID-19 Lockdowns Will Increase Resentment of the Elderly

Blog05/12/2020

How do the shutdowns increase ageism? Because millions have arguably been thrown out of work in the name of protecting the elderly. The resulting economic devastation comes at the expense of younger workers, parents, students, and families.

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How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

Blog05/09/2020

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.

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How Government Spending Can Make the Debt Burden Look Smaller than It Really Is

Taxes and SpendingOther Schools of Thought

Blog05/07/2020

Governments can increase GDP numbers simply by spending more, and this can reduce debt as a percentage of GDP. But what if we calculate GDP using only private spending?

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How All That Extra Stimulus Money Could Lead to Price Inflation

InflationMonetary Policy

Blog05/06/2020

More money creation doesn't necessarily mean higher consumer prices. But, if production is falling while consumers use their stimulus checks to buy food and clothing, we could see noticeable price inflation.

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How Governments Broke the Oil Market

Corporate WelfareCronyism and CorporatismGlobal Economy

Blog05/05/2020

The oil industry became one of the main areas of malinvestment in the years of massive liquidity and low yields. This perpetuated excess capacity and kept inefficient companies unnecessarily alive.

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How Shutdowns Will Keep Killing the Economy, Even When They're Over

Bureaucracy and Regulation

Blog04/24/2020

Part of what made the Great Depression last so long was increased uncertainty about what regulation or tax the government might impose next. Today's looming threat of ongoing "shutdowns" creates a very similar situation.

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How Markets Price a Pandemic—and How They Lower Risk

Free MarketsHealthWar and Foreign Policy

Blog04/24/2020

Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.

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