The Use of Knowledge in Entrepreneurship
It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society.
Mises Wire
The State Has Seized Many New Powers. It Won’t Let Go of Them Easily.
The state has used this virus scare to demand that politicians and bureaucrats be given near-total control over every aspect of life, including virtually every business and employer in America. Will this now be a permanent feature of American life?
The Government’s Pandemic Strategy Is a Reckless One
It's time to stop pretending that the policies favored by some biologists—who know nothing about how economies work to lessen the health effects of poverty—come without grave costs to public health.
COVID-19: The “Experts” Have No Crystal Ball
The 2016 election was an important reminder that most experts were totally wrong in their predictions of what would happen. Now the experts are claiming that freedom and markets must be abandoned based on new guesses about the future.
More than Half of All US COVID-19 Deaths Occur in Only Four States
The effects of COVID-19 are not evenly distributed in the United States. Only certain regions are facing sizable strains on their resources. A nationwide lockdown would create huge economic costs for regions where the the costs of disease have been relatively low.
With Bailouts, Governments Are the Big Winners
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.
Diseases Are Bad. Government-Forced Shutdowns Are Often Worse.
There is a reason to panic. But the panic should be over how governments—who know so very little about the virus that they have decided warrants destroying the global economy—will create many new threats to health and well-being through their policies.
The Costs Are Mounting in this Government-Imposed Economic Collapse
The costs of this government-forced economic collapse—in terms of lost lives and ruined health—are likely to be devastating.
Central Bankers Are Running Out of Options
Central bankers are panicking, and their solutions range from "buy everything that moves" to pushing interest rates even further into negative territory. Yet this doesn't seem to be helping much.
The End of Civilization?
Even if the COVOID-19 virus turns out to be more severe than the skeptics give us reason to think it is, we can get through it. We cannot survive the end of the division of labor. It would be the finish of civilization as we know it.
