Mises Wire

The New Euro Stimulus Won't Save the Greek Economy

Monetary PolicyTaxes and SpendingWorld History

The Greeks haven't saved or produced enough to justify their high standard of living compared to other countries of the world. This is a fragile bubble economy made possible by European central bankers.

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The Last Thing We Need Right Now Is Bernie's Proposed Tax on Financial Transactions

Financial Markets

Blog03/27/2020

Bernie Sanders wants a tax on financial transactions so that every trade brings a penalty. While this most directly affects big traders, regular people will not be immune to the effects.

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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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The Government's Pandemic Strategy Is a Reckless One

Health

Blog03/25/2020

It's time to stop pretending that the policies favored by some biologists—who know nothing about how economies work to lessen the health effects of poverty—come without grave costs to public health.

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The Use of Knowledge in Entrepreneurship

Calculation and KnowledgePrices

Blog03/25/2020

It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society. 

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The State Has Seized Many New Powers. It Won't Let Go of Them Easily.

Big GovernmentEconomic Freedom

Blog03/25/2020

The state has used this virus scare to demand that politicians and bureaucrats be given near-total control over every aspect of life, including virtually every business and employer in America. Will this now be a permanent feature of American life?

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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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