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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Italy's Healthcare Sector Badly Needs Deregulation and More Private Spending

Bureaucracy and RegulationHealthPrice Controls

Blog33 min ago

Thanks to regulations and a lack of a private spending, Italy's healthcare system had very limited capacity even before the current crisis.

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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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All Crises Are Local

Decentralization and SecessionPolitical Theory

Blog04/06/2020

The coronavirus demonstrates how crises become local.

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In March, US Deaths From COVID-19 Totaled Less Than 2 Percent of All Deaths

Health

Blog04/06/2020

How much must total mortality increase to justify a global suspension of commerce and the rule of law? One percent? Ten percent? And what if overall mortality doesn't even go up?

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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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Creating More Money Won't Revive the Economy

Blog04/06/2020

What the economy needs now is more real savings and more real production. Creating more money will not help with either of these things.

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How the Left Is Trying to Blame Capitalism for COVID-19 Deaths

HealthSocialism

Blog04/06/2020

The Left conveniently ignores dozens of state-dominated and state-controlled medical systems and decides that the lack of preparedness for COVID-19 was all the fault of those small slivers of healthcare systems that are actually private.

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