Mises Wire

How Risk-Based Healthcare Could Make Us Healthier

Health

Blog3 hours ago

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

Blog3 hours ago

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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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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Life and Health Are at Stake as the Economy Grinds to a Halt

Global EconomyStrategy

Blog04/07/2020

The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy.

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Airline Bailouts Destabilize the Economy and Inflate Asset Prices

Blog04/07/2020

The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries.

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Freedom Still Matters, Even in the Midst of a Virus

Big GovernmentDecentralization and SecessionStrategy

Blog04/07/2020

“Whenever a single definite object is made the supreme end of the State…the State becomes for the time inevitably absolute.” We cannot allow combating a virus to overwhelm all other values in society.

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Italy's Healthcare Sector Badly Needs Deregulation and More Private Spending

Bureaucracy and RegulationHealthPrice Controls

Blog04/07/2020

Thanks to regulations and a lack of a private spending, Italy's healthcare system had very limited capacity even before the current crisis.

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Yes, There Are Tradeoffs between Disease Prevention and Economic Destruction

ProgressivismCalculation and Knowledge

Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."

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