Mises Wire

Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship. 

What kind of liberalism are we talking about?

We’re in a terminal debt spiral. The only question is how long it will last until the patient succumbs.

During July 2020, year-over-year (YOY) growth in the money supply was at 36.9 percent. That's up from June's rate of 34.4 percent, and up from July 2019's rate of 2.21 percent.

American healthcare practitioners already do a relatively poor job of caring for birthing mothers. Haphazard and harmful covid prevention policies show an alarming disregard for their mental and physical well-being.

To cut taxes without cutting spending means greater burdens on the private sector through more government borrowing, higher indirect taxes, and monetary pumping which will come in the future. 

President López Obrador of Mexico has surprisingly been a voice of fiscal sanity, refusing to embrace the sorts of enormous stimulus packages that are now so popular worldwide.

If we want to understand the numbers behind the need to "flatten the curve," we must look at how government programs like Medicare have reduced hospital capacity in recent decades.

Since government creates nothing itself, all interventions are nothing more than transfers of wealth for the benefit of some and the destruction of wealth for everyone else.

So far, the United States is leading Europe in employment improvement, but the full recovery is extremely far away.