Mises Wire

The Last Thing We Need Right Now Is Bernie's Proposed Tax on Financial Transactions

Financial Markets

Blog03/27/2020

Bernie Sanders wants a tax on financial transactions so that every trade brings a penalty. While this most directly affects big traders, regular people will not be immune to the effects.

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Eminent Domain: Are Holdouts Really a Problem?

Blog03/27/2020

David Gordon is not convinced by the usual arguments claiming property owners ought to be forced to sell their property for an arbitrarily determined "market price."

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Governments Can't Fix This Economic Crisis They Caused

Global EconomyInterventionism

Blog03/27/2020

The US and the world will rise from this crisis. What the government has to do is allow it. The government is there to facilitate, not to pick winners and losers.

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The Benefits of a Free Society during Pandemics

Big GovernmentDecentralization and SecessionHealth

Blog03/27/2020

The idea that a free and mostly privatized society would let pandemics rage unchecked is based on a crude caricature. The truth is that a free society offers flexibility and resilience that a centralized system lacks.

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Diversification versus Risk

Money and Banks

Blog03/26/2020

The size of an entrepreneur's return on his investment is determined not by how much risk he assumes, but rather whether he complies with consumers' wishes.

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The Noncrime Known as "Price Gouging"

The EntrepreneurFree MarketsPrice Controls

Anti–price gouging laws mean that those who really end up getting the short end of the stick are those who don't have the time or the means to beat the crowds to the store. Worse off are those of lesser means who rely on public transportation or walking to transport groceries home.

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COVID-19 and the Planners’ Need to Plan

Big GovernmentBureaucracy and RegulationCalculation and Knowledge

Blog03/26/2020

Despite the fact that the CDC’s formal name includes the word “Prevention” and that its stated goals include various planning buzzwords, its managing of the COVID-19 response has been an unmitigated disaster.

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Why Taiwan Hasn't Shut Down Its Economy

Taiwan's response to COVID-19 mostly means self-imposed quarantines and more transparency. It's basically the opposite of what Europe is doing.

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