Mises Wire

COVID-19 Lockdowns are Neither Necessary, nor Scientific, nor Helpful

Bureaucracy and RegulationHealth

Blog06/15/2020

What proponents of lockdowns mean by “follow the science” is that statements made by scientists should be accepted as axioms. An obvious problem exists when scientists make conflicting statements.

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Abolishing the Police Won't Mean Abolishing State Violence

Legal SystemMedia and CultureThe Police State

Blog06/15/2020

The Left believes that we need the state to force people to act in line with "social justice." This means that somebody must force compliance with state edicts, even if those people aren't called "police."

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The Scandinavian Model Won’t Work in Chile

ProgressivismSocialism

Blog06/13/2020

Chile is the most prosperous country in South America precisely because it has (so far) avoided adopting the socialist policies being pushed on it by left-wing reformers.

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Why Economists Are So Often Accused of Being Indifferent to Social Problems

Blog06/13/2020

Economists are often accused of being insensitive or unconcerned about social problems, because we try to consider all the costs and benefits, both short term and long term. This often means that we are skeptical of the popular quick political fix.

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The Quantity Theory of Money and the Equation of Exchange

InflationOther Schools of ThoughtPrices

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.

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Goverment-Subsidized Technology Won't Save China's Economy

Socialism

Blog06/12/2020

China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.

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Mises and the Lockean Proviso

Philosophy and Methodology

Blog06/12/2020

"The natural condition of man is extreme poverty and insecurity. It is romantic nonsense to lament the passing of the happy days of primitive barbarism."

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Savings Are Critical to a Prosperous Economy

Monetary PolicyProduction Theory

Blog06/12/2020

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

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