Mises Wire

Why Central Planning by Medical Experts Will Lead to Disaster

Blog7 hours ago

Medical experts have tunnel vision when it comes to disease and public policy, and they greatly overestimate their own abilities to anticipate unintended costs and consequences.

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Why Mexico Fears Shutting Down Its Economy to Combat COVID-19

Blog7 hours ago

Although bureaucrats with safe jobs and luxury homes like Anthony Fauci continue to insist mass unemployment is merely "inconvenient," job losses mean many Mexicans could be staring grinding poverty in the face.

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Free Trade Brings More Foreign Investment into the US. That's a Good Thing.

Free MarketsProtectionism and Free Trade

Blog8 hours ago

Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.

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Entrepreneurship Is the Foundation of a Productive Society

The EntrepreneurMedia and Culture

Blog8 hours ago

To spread the benefits of goods and services, we must first spread the mindset needed to take on the task of producing goods and services. That is, the mindset of entrepreneurship.

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Beyond the NAP: Rothbard's Full Case for Liberty

StrategyPhilosophy and MethodologyPolitical Theory

Blog04/08/2020

The nonaggression principle—"anything peaceful"—comes as close to a value-free analysis in a political, ethical, economic, and legal theory as conceivably possible. It was insufficient for Rothbard, because he rightly found it insufficient for liberty.

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Education and the Coronavirus: Trying to Look on the Bright Side

Education

Blog04/08/2020

Entrepreneurs new ways of serving established markets, but large institutions will keep with what has worked in the past so long as it just continues to work in the present. Radical change happens only in an emergency. For the British university that time has now arrived.

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How Risk-Based Healthcare Could Make Us Healthier

Health

Blog04/08/2020

A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations.

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The Real Cost of Anti-Price-Gouging Laws

Price ControlsCalculation and Knowledge

Blog04/08/2020

If buyers aren't allowed to compete in terms of prices, they'll be forced to compete in terms of time waiting, distance traveled, or other real costs.

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