Some Insightful Entrepreneurs Planned for a Pandemic
Although many claim "nobody saw this coming," some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions.
Mises Wire
How Many Lives Will Politicians Sacrifice in the Name of Fighting COVID-19?
In a world of scarcity, there are no solutions, only tradeoffs.
Police Are Complicit in Politicians’ Disregard for the Rule of Law
Police have long shown a preference for enforcing petty laws against petty offenders. After all, real violent criminals fight back. The current COVID-19-induced crackdown on business owners has made things even worse.
Be Thankful for Those Who “Only Do It for the Money”
Doing things for money does not justify moral condemnation, unless using money to support your family, live up to the agreements you have made, and to try not to burden others justifies moral condemnation.
How All That Extra Stimulus Money Could Lead to Price Inflation
More money creation doesn't necessarily mean higher consumer prices. But, if production is falling while consumers use their stimulus checks to buy food and clothing, we could see noticeable price inflation.
The Global Airline Industry Is in Even Worse Shape Than You Think
The current crisis for airlines is even worse than it was after 9/11.
How Governments Broke the Oil Market
The oil industry became one of the main areas of malinvestment in the years of massive liquidity and low yields. This perpetuated excess capacity and kept inefficient companies unnecessarily alive.
Facing Economic Disaster, France Turns against Globalism
France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.
Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle
When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.
As Oil Craters, Mexico’s Government Still Bets on Its Oil Monopoly
With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.
