Mises Wire

To Avoid a Collapse of the Eurozone, Europe Moves Closer to a European Megastate

Big GovernmentGlobal EconomyMonetary Policy

Blog05/01/2020

Debt-ridden countries such as Italy will come to rely more and more on Germans and other northern Europeans to finance their debt. This will require a more unified Europe. Or the whole thing may collapse.

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A Protest from France

Big GovernmentDecentralization and SecessionFree Markets

Blog04/30/2020

The lockdowns of the past month have not been conducive to the common good. While they have saved the lives of many people, they have also endangered—and are still endangering—the lives and livelihoods of many others. They have created a new and dangerous political precedent.

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We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary

InflationInterventionism

Blog04/28/2020

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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What the COVID-19 Crisis Means for Europe and the Eurozone

Booms and BustsMonetary Policy

Blog04/27/2020

It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.

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If Face Masks Are Mandatory, Then It’s Time to End Mask Patents

Blog04/22/2020

Governments are set to make mask wearing mandatory in many places. Yet some companies are committed to limiting supply and charging monopoly prices thanks to government-created patents.

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How Government Makes a Pandemic More Deadly

Big GovernmentBureaucracy and Regulation

From trade barriers to disastrous government regulations, government intervention has crippled society's ability to respond well to the spread of disease.

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This Isn't Your Usual Demand-Shock Recession.

InflationMonetary Policy

Blog04/15/2020

This recession involves a big supply shock, which means that stimulus-fed consumption will bring capital consumption, which will ultimately lower productive capacity and standards of living.

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Why Americans Don't Have Any Savings

InflationOther Schools of Thought

Blog04/15/2020

Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.

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