Mises Wire

What If We Didn't Have Police at All?

Legal SystemThe Police State

Blog06/10/2020

We already employ a wide variety of nonpolice crime deterrent strategies, from private gun ownership to security cameras to private security. Meanwhile, in spite of the proliferation of police and police departments, crime, rioting, and looting endure.

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Why It's Rational to Fear Cops

Legal SystemThe Police State

Blog06/05/2020

Not all (or even most) police are needlessly violent. But it is rational to conclude, upon seeing a person in a police uniform, that this person can—if he wishes to—abuse his power with near impunity.

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More Protectionism and Regulation Won't Fix the Economy

ImmigrationProtectionism and Free TradeWar and Foreign Policy

Blog05/13/2020

Trade controls and immigration quotas are just more government regulation. And that won't help revive the economy.

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Negative Interest Rates: Rewarding Profligacy

Financial MarketsMonetary Policy

Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.

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The Current Crisis Has Its Roots in the Central Bank

The FedMoney and Banks

Blog04/27/2020

By protecting banks from the costs of poor investment decisions, central banks encourage further risk taking and malinvestment. They also prevent liquidation, which brings failed businesses' assets to the market at bargain prices, allowing new businesses to emerge from the detritus.

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COVID-19 Is Forcing Governments to Admit Their Regulations Aren't Really Necessary

Bureaucracy and RegulationEconomic Freedom

Blog04/16/2020

From medical practices to grocery shipments, governments are loosening restrictions in order to keep goods and services affordable. But if these restrictions are unnecessary now, why claim they are ever necessary?

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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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Égalité, Fraternité, Captivité

Big GovernmentThe Police State

Blog04/06/2020

What we can learn from the Patriot Act is that during a time of crisis governments can pass legislation that impacts citizens’ lives long after the crisis of the day has passed.

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