Mises Wire

How We Might Respond to a Pandemic Were Society Not So Dominated by the State

HealthStrategy

Blog05/26/2020

The state currently enjoys a vastly unbalanced share of the power within a society, such an arrangement is not in any way preordained, and the assumption that it must be betrays a narrowness of vision and a lack of historical knowledge.

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How Government Intervention Triggers Depressions

Business CyclesMoney SupplyProduction Theory

Blog05/21/2020

Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us.

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How Modern Economics Has Lost Its Way: It's All About the "Unseen"

Bureaucracy and RegulationValue and Exchange

Blog05/19/2020

The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized."

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Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons

Big GovernmentU.S. History

Blog05/19/2020

Hacking off soldiers' limbs was a favorite technique of Civil War surgeons, largely because doctors wanted to avoid blame for later cases of gangrene. So doctors erred on the "safe" side. Many patients may have disagreed.

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How Words Like "Essential" and "Need" Are Abused by Politicians

Economic FreedomSocialism

Blog05/18/2020

We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.

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How Central Banks and Lockdowns Are Making the Crisis Worse

Booms and BustsInflationMonetary Policy

Blog05/16/2020

After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.

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How Bad Is It?

Booms and Busts

Blog05/13/2020

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.

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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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