Mises Wire

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

Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.

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.

A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations.

If buyers aren't allowed to compete in terms of prices, they'll be forced to compete in terms of time waiting, distance traveled, or other real costs.

The nonaggression principle—"anything peaceful"—comes as close to a value-free analysis in a political, ethical, economic, and legal theory as conceivably possible. It was insufficient for Rothbard, because he rightly found it insufficient for liberty.

Entrepreneurs can offer new ways of serving established markets, but large institutions will keep with what has worked in the past so long as it just continues to work in the present. Radical change happens only in an emergency. For the British university that time has now arrived.

“Whenever a single definite object is made the supreme end of the State…the State becomes for the time inevitably absolute.” We cannot allow combating a virus to overwhelm all other values in society.