Mises Wire

How the CDC Prevented Fast and Accurate Testing for COVID-19

Bureaucracy and RegulationHealth

Blog04/09/2020

After weeks of bungling, faulty tests, and policy reversals the CDC bureaucrats managed to achieve some semblance of competence. But by then they were already far behind the curve.

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Price Controls Mean Shortages, Even during Pandemics

Price Controls

Blog04/02/2020

Despite many attempts at doing so, governments have never been able to conjure up more goods and services through price controls and other regulations.

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In a Crisis, the Most Innovative Entrepreneurs Make the Most Money. That's a Good Thing.

Free Markets

Blog04/01/2020

It is precisely during a crisis that private property, the price mechanism, and the profit and loss system are most important, and when the government can do the most damage.

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Do IP Laws Promote Innovation? Empirical Evidence Suggests the Opposite.

Bureaucracy and Regulation

Blog11/01/2019

Proponents claim intellectual property laws are necessary to promote scientific and artistic innovation. Empirical evidence suggests the opposite is true. 

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Why the State Can't Claim Our "Implied Consent"

Big Government

Blog10/16/2019

The given explanations for "implied consent" to government rule would never pass muster if applied to any private-sector organization.

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New Nobel Winners Are Latest Bad Sign for Economic Theory

Philosophy and Methodology

Blog10/16/2019

The economist’s task is not to demonstrate (empirically) that x is associated with y, but to provide a causal explanation of how x affects y.

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The Coming Whiskey Bubble?

Booms and Busts

Blog08/24/2019

Whiskey production depends on investment in highly specific capital, and it requires a long time horizon. It's a textbook case of the sort of industry that's likely to suffer most in case of an economic bust.

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The Zombie (Company) Apocalypse Is Here

Booms and BustsBusiness Cycles

Blog06/21/2019

The world now has the impossible choice of permanently reduced productivity and slower economic growth — or the mass bankruptcy of a significant percentage of the economy.

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