Mises Wire

What If the Fed Did Nothing?

Blog03/30/2020

As with current Fed policy, there would be both winners and losers if the Fed did nothing. Either way, there will be pain, but without the Fed we'd actually build the foundation for a more sound and lasting economic system.

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What Would Rothbard Say About the COVID-19 Panic?

Blog03/30/2020

No matter what the situation, no one has the right to compel someone to act for another's benefit, and that includes forced quarantines, business closures, and expropriations of medical equipment in the name of "public health."

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The Benefits of a Free Society during Pandemics

Big GovernmentDecentralization and SecessionHealth

Blog03/27/2020

The idea that a free and mostly privatized society would let pandemics rage unchecked is based on a crude caricature. The truth is that a free society offers flexibility and resilience that a centralized system lacks.

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The Noncrime Known as "Price Gouging"

The EntrepreneurFree MarketsPrice Controls

Anti–price gouging laws mean that those who really end up getting the short end of the stick are those who don't have the time or the means to beat the crowds to the store. Worse off are those of lesser means who rely on public transportation or walking to transport groceries home.

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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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In Spain You Can't Use Your Own Back Yard. Police Make Sure of It.

Big GovernmentGlobal Economy

Blog03/23/2020

Philipp Bagus reports from Spain: when people are frightened enough, they'll let the state do pretty much anything.

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Even When They're Wrong, We Can Learn From Understanding Others' Theories

Other Schools of ThoughtPhilosophy and Methodology

Blog03/20/2020

Learning the history of economic thought is important not because every economist has been right, but because we can learn from their mistakes.

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Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

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