Mises Wire

More threatened COVID lockdowns, and thus more bailouts and explosions of deficit spending, do not bode well for the global economy. 

Berns thinks America has a fundamental problem: he believes not enough people in America are willing to sacrifice their lives to the state.

Paul Krugman famously predicted in 1998 that the internet would prove to be no more important than the fax machine. This error proceeds straight from his lack of economic understanding.

False positives and false negatives remain a very large problem. Our current testing regime has alarmed the planet without contributing a health benefit.

MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.

Every major scientific advance challenged the “settled science” of its day and was often denounced as pernicious and false, even dangerous.

From rent to jobs, to marriage, government regulations are incessantly raising the cost of doing business. 

The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”

Decentralization is perhaps the way for Bolivia to avoid the preventable evils of repeated coups and ethnic strife that have ensnared it since day one.

While collectivism was implied in Sismondi’s idea of a “general interest,” Owen and Fourier offered the first formal expression of full socialist collectivization.