Mises Wire

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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The Costs Are Mounting in this Government-Imposed Economic Collapse

HealthMedia and CultureU.S. History

Blog03/24/2020

The costs of this government-forced economic collapse—in terms of lost lives and ruined health—are likely to be devastating.

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With Bailouts, Governments Are the Big Winners

Booms and BustsMonetary PolicyMoney and Banks

Blog03/24/2020

Every crisis caused by the unbacked paper money system expands the power of the states over economic and social life, and unfortunately, once the state has expanded its power, it is unlikely the trend will be reversed.

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The European Central Bank Is Being Stretched to Its Breaking Point in Italy

Blog03/23/2020

At this point, monetary policy can't save Italy. Promises from Europe's central bank have allowed Italian policymakers to avoid coming to terms with Italy's bankrupt reality. Until now.

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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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