Mises Wire

The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

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Freedom in Prices Ends Shortages. Even with Toilet Paper.

Blog04/25/2020

Whether we're talking about gasoline or toilet paper, the details of how the good is produced are irrelevant to the fact that price controls cause shortages. Only price freedom ends them.

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Your Supermarket Overlords: Why Barbados Needs a Voluntary Quarantine

Decentralization and SecessionStrategy

Blog04/21/2020

The fact that people break curfew just proves that smaller, decentralized communities are better at organizing than a few top-down planners. Barbadian neighborhoods do a much better job of self-regulating.

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We Can't Just "Restart" the Economy Where We Left Off

Big GovernmentMonetary PolicyCalculation and Knowledge

Blog04/18/2020

If we're serious about maximizing the resources needed to combat COVID-19, we need an economy that is deregulated and flexible.

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Finally Kicking the GDP Habit

Philosophy and Methodology

Blog04/18/2020

GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life.

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The 1497 Cornish Tax Rebellion

Taxes and SpendingWorld History

Blog04/17/2020

As states in various areas of the Continent embarked on centralization and territorialization in the fourteenth century, communities very often took up arms against forms of taxation. The Cornish Rebellion of 1497 against national taxation is an example of this trend.

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Even If the Fed Keeps Pumping Money, We May Still See Deflation

InflationMoney and Banks

Blog04/11/2020

It is tempting to assume both money supply inflation and price inflation will come soon as the central banks pump new money. But if banks aren't lending because the economy is in disarray, the money supply may actually shrink, and prices may even fall.

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How Risk-Based Healthcare Could Make Us Healthier

Health

Blog04/08/2020

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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