Mises Wire

Politicians' COVID Mania Ravages Maryland

Media and CultureThe Police State

Blog6 hours ago

James Bovard reports form Maryland, where the COVID-19 lockdowns have decimated employment and the rules only apply to powerless ordinary people. Cops and politicians can do as they like.

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COVID Ethics: It's Immoral to Confine Innocent People Who Might Be a Threat

HealthStrategyPhilosophy and Methodology

Blog05/27/2020

The possibility that someone might pose a threat to another at a future time is not sufficient reason to revoke a person's property rights.

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It Seems That Everyone Who Isn't a Hard-Core Leftist Is a "Libertarian"

It seems that if you're mildly against the drug war and sky-high taxes, you're a "libertarian" to many left-wing commentators—even if you also support programs like "universal basic income" and renewable energy boondoggles.

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Three Ways the Coronavirus May Significantly Accelerate Political Decentralization

Big GovernmentDecentralization and Secession

Blog05/22/2020

Although national tragedies tend to bring a country together, it seems clear that the coronavirus will leave America as divided as it has been in modern history.

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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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A Global Race to the Bottom: How Central Banks Are Responding to the COVID Crisis

Booms and BustsFinancial MarketsMonetary Policy

Blog05/21/2020

Now, more than ever, we're in uncharted waters when it comes to central banks and monetary policy. Economist Brendan Brown takes a look at where we are and what the future might hold for central banks' race to the bottom.

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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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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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