It is tempting to assume both money supply inflation and price inflation will come soon as the central banks pump new money. But if banks aren't lending because the economy is in disarray, the money supply may actually shrink, and prices may even fall.
John Maynard Keynes's supporters still insist that he was a mild and benign liberal. In truth, Keynes supported the blood-soaked Soviet regime and called himself a socialist.
To ensure that the United States moves past this pandemic, we must minimize government infringements of civil liberties and maximize the incentives of private businesses and individuals who want to assist in our efforts to combat this “invisible enemy.”
Not only are conscripts enslaved, often under brutal conditions, they can be sent to die in battle. Mises opposed conscription, but there was an exception.
The popular notion that indigenous peoples residing in a precapitalist order are particularly skillful at managing the earth's resources is a myth.
To spread the benefits of goods and services, we must first spread the mindset needed to take on the task of producing goods and services. That is, the mindset of entrepreneurship.
After weeks of bungling, faulty tests, and policy reversals the CDC bureaucrats managed to achieve some semblance of competence. But by then they were already far behind the curve.
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.
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.
Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.
