Mises Wire

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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What "Lender of Last Resort" Is Supposed to Mean

Other Schools of Thought

Blog04/06/2020

Modern central banks have already moved far beyond what was once considered the proper role for a central bank as a "lender of last resort." Now Keynesians and MMTers want to take things even further.

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The Fed Offers "Bread," but No Circuses

InflationTaxes and Spending

Blog04/04/2020

The truth is that you and I need goods and services to live, not electronically printed dollars.

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Canada Has Abolished Civil Liberties in the Name of "Safety"

Big GovernmentHealthThe Police State

Blog03/28/2020

The various levels of government in Canada have responded to the coronavirus pandemic. Their ill-advised solutions are to inflict economic hardship and withdraw civil liberties. The longer these authoritarian policies persist, the greater the risk to the social fabric.

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Politicians Have Used This Crisis to Remind Us They're Mostly Wannabe Dictators

Big GovernmentPolitical Theory

Blog03/26/2020

From small villages to Capitol Hill, politicians are using every opportunity to void the Bill of Rights and abolish all limits on their power.

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The European Central Bank Is Being Stretched to Its Breaking Point in Italy

Blog03/23/2020

At this point, monetary policy can't save Italy. Promises from Europe's central bank have allowed Italian policymakers to avoid coming to terms with Italy's bankrupt reality. Until now.

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We're Learning Why Governments Can't Be Trusted with Health Crises

Health

Blog03/23/2020

The latest health crisis has made it clear that governments put their own interests before those of the public while hiding crucial information and imposing counterproductive regulations.

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Keynes: The Young Imperialist, 1906–13

Monetary PolicyWorld History

Blog03/21/2020

Between 1909 and 1913, Keynes was the most important defender of British monetary imperialism in India. His faithful defense of the British Empire in those early years allowed him to become the century’s most influential economist after the war.

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