Mises Wire

Why Central Planning by Medical Experts Will Lead to Disaster

Blog04/09/2020

Medical experts have tunnel vision when it comes to disease and public policy, and they greatly overestimate their own abilities to anticipate unintended costs and consequences.

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While the West Panicked, Some Asian Regimes Took a Different Path

Blog04/09/2020

Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.

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Why Mexico Fears Shutting Down Its Economy to Combat COVID-19

Blog04/09/2020

Although bureaucrats with safe jobs and luxury homes like Anthony Fauci continue to insist mass unemployment is merely "inconvenient," job losses mean many Mexicans could be staring grinding poverty in the face.

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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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What Is the Good Entrepreneur to Do?

The EntrepreneurValue and Exchange

Blog04/04/2020

Some anticapitalists have tried to claim "good" entrepreneurs don't make profit the primary goal. Yet, without profit, an entrepreneur cannot serve the people who depend on him or her for goods and services.

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Want Political Change? Get Rid of Campaign Finance Regulations.

Anti-PoliticsStrategy

Blog04/01/2020

Campaign finance laws favor incumbents and the rich and famous. Real change requires more freedom and decentralization in how campaigns are funded.

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Why the World Has a Dollar Shortage, Despite Massive Fed Action

The FedGlobal EconomyMoney and Banking

Blog03/31/2020

Can the US dollar lose its global reserve position? Sure it can, but not to a country that decides to commit the same monetary follies as the Fed. Most countries are trying to out-inflate the Fed. And that's good for the Fed.

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What If the Fed Did Nothing?

Blog03/30/2020

As with current Fed policy, there would be both winners and losers if the Fed did nothing. Either way, there will be pain, but without the Fed we'd actually build the foundation for a more sound and lasting economic system.

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