Mises Wire

If he were honest, rather than declaring that "America will never be a socialist country," Trump would simply say, "my socialism is better than Bernie's socialism."

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

The Italians could learn some lessons about healthcare from the South Koreans, who still maintain a robust private market in health insurance.  Although the Koreans have relatively ample resources for COVID-19 patients, Italy's state-dominated system is quickly running out of options.

Remember how election day used to be a day of national relief, no matter who won? Regular people were happy that our political warring was over for a while, at least. But we don't live in that country anymore.

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.

Modern monetary theory (MMT) conveniently facilitates dangerous policies and ideas that seemed unrealistic, like universal basic income and “helicopter money,” and that have been particularly propagated by government-sponsored economists for the past few years. 

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.

Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.

For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.