Mises Wire

While the West Panicked, Some Asian Regimes Took a Different Path

Blog5 hours ago

Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.

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

Blog04/09/2020

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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The COVID-19 "Lockdowns" Are What Twenty-First-Century Mob Rule Looks Like

Blog04/07/2020

There is a misconception among critics of the COVID-19 lockdowns that they're being imposed over the howls of the local population, which wants freedom. If only that were true.

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In March, US Deaths from COVID-19 Totaled Less Than 2 Percent of All Deaths

Health

Blog04/06/2020

How much must total mortality increase to justify a global suspension of commerce and the rule of law? One percent? Ten percent? And what if overall mortality doesn't even go up?

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Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard

Taxes and SpendingWorld History

Blog04/04/2020

Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead.

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Japan’s Productivity Has Been Slashed By Government Meddling, Not Demographics

Bureaucracy and RegulationMonetary PolicyWorld History

Blog04/03/2020

The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.

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Capital Accumulation: The Way to Increase Wages

Labor and WagesTaxes and Spending

Blog04/03/2020

Real higher wages can't be created with a government fiat. Worker productivity must first be increased through greater investment.

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Do the Textbooks Get Money and Banking Backwards?

Blog04/02/2020

Over the years a chorus of critics has alleged that the textbook view of how a central banks buys government debt in "open market operations" is backwards. They argue that in reality commercial banks take the lead in making loans without regard to their reserves.

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