Mises Wire

The Costs Are Mounting in this Government-Imposed Economic Collapse

HealthMedia and CultureU.S. History

Blog03/24/2020

The costs of this government-forced economic collapse—in terms of lost lives and ruined health—are likely to be devastating.

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With Bailouts, Governments Are the Big Winners

Booms and BustsMonetary PolicyMoney and Banks

Blog03/24/2020

Every crisis caused by the unbacked paper money system expands the power of the states over economic and social life, and unfortunately, once the state has expanded its power, it is unlikely the trend will be reversed.

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The European Central Bank Is Being Stretched to Its Breaking Point in Italy

Blog03/23/2020

At this point, monetary policy can't save Italy. Promises from Europe's central bank have allowed Italian policymakers to avoid coming to terms with Italy's bankrupt reality. Until now.

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In Spain You Can't Use Your Own Back Yard. Police Make Sure of It.

Big GovernmentGlobal Economy

Blog03/23/2020

Philipp Bagus reports from Spain: when people are frightened enough, they'll let the state do pretty much anything.

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We're Learning Why Governments Can't Be Trusted with Health Crises

Health

Blog03/23/2020

The latest health crisis has made it clear that governments put their own interests before those of the public while hiding crucial information and imposing counterproductive regulations.

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Why We Need Free Markets To Fight Pandemics

Free MarketsHealthPrice ControlsPrices

Blog03/23/2020

What needs to be done in such a crisis is not to attempt to steer the market to ensure it provides what is needed, but to let it free to do what it always does: match the goals of entrepreneurial producers with the needs of the populace.

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Keynes: The Young Imperialist, 1906–13

Monetary PolicyWorld History

Blog03/21/2020

Between 1909 and 1913, Keynes was the most important defender of British monetary imperialism in India. His faithful defense of the British Empire in those early years allowed him to become the century’s most influential economist after the war.

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Coronavirus Panic: From Trillion-Dollar Paternalism to "Cash for Bunkers"

Big GovernmentHealthPrice Controls

Blog03/21/2020

You are not even allowed to ask: "Is the price we’re paying worth it?" or "Is this an abundance of caution, or an overdose?" The "serious people" attack anyone who urges calm and encourages others to adopt a "don’t panic" approach. The new party line is: panic = virtue.

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