The COVID Stimulus is the Government’s Latest Rejection of Say’s Law
No matter what levers are pulled by the fiscal and monetary authorities, stones will not be turned into bread.
Mises Wire
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.
How Many Lives Will Politicians Sacrifice in the Name of Fighting COVID-19?
In a world of scarcity, there are no solutions, only tradeoffs.
When Governments Switched Their Story from “Flatten the Curve” to “Lockdown until Vaccine”
At some point in early April, the official narrative switched form "don't let hospitals get overwhelmed" to "you're locked down for years until there's a vaccine."
How Government Spending Can Make the Debt Burden Look Smaller than It Really Is
Governments can increase GDP numbers simply by spending more, and this can reduce debt as a percentage of GDP. But what if we calculate GDP using only private spending?
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.
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.
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.
