Mises Wire

Shays's Rebellion: Catalyst for the Counterrevolution

U.S. History

Blog03/30/2021

Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”

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Europe's Vaccine Programs Are about as Successful as Their Lockdowns

Health

Blog03/30/2021

The EU has long claimed vaccine procurement is a top priority. But even by Brussels's own standards, Brussels's central-planning schemes have failed to deliver yet again. 

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Real Savings Are at the Heart of Lending

Money and Banking

Blog03/30/2021

Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

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Can Las Vegas Recover from Covid?

Booms and Busts

Blog03/30/2021

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

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GDP Hides the Damage from the Covid-19 Lockdowns

Bureaucracy and Regulation

Blog03/29/2021

Government money printing may goose GDP, but It will do nothing to fix the losses that millions have suffered from covid restrictions and lockdowns. 

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Lockdowns Are More Economically Devastating Than Voluntary Social Distancing

Health

Blog03/29/2021

Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

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Gun Laws and Decentralization: Lessons from "Constitutional Carry"

Decentralization and Secession

Blog03/27/2021

Forty years ago, the US had almost no legal concealed carry. Then over just a few decades, eighteen states adopted full-blown "constitutional carry" provisions, with many other states adopting concealed carry provisions as well. 

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Colonies Compared: Why British Colonies Were More Economically Successful

World History

Blog03/27/2021

The fact that colonial empires often differ significantly in their outcomes can serve to provide us with insights into what sorts of government policies are the most and least harmful.

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