Mises Wire

Chile, like many other countries, needs to do this: cut taxes, deregulate, and limit spending.

Thanks to the growth of the state over time, political stakes have become much higher, and groups fear that they will be crushed by the other side if they lose. Crisis-induced cohesion is not a silver bullet, but rather a ticking time bomb.

Thirty million Americans are now unemployed, in part thanks to government "lockdowns." Meanwhile, unemployment in many cases doubles the unemployed person's risk of death through disease, suicide, or drug overdose.

In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.

With apologies to Frédéric Bastiat, this is how his great essay "The Seen and the Unseen" might read if applied to the current government-forced lockdowns forcing business owners into bankruptcy across America and the world.

The whole idea of government regulating so-called monopolies in order to promote competition is based on fallacies. If anything, such intervention only stifles market competition and lowers living standards.

We need to move beyond the stale platitudes of trying to fix politics in DC. The chattering class’s lamentation about the divisiveness of politics is frankly silly. In some ways, polarization is our friend.

New York and New Jersey have produced more COVID-19 deaths than the rest of the country combined. So politicians have repeatedly claimed that the nation is "two weeks behind New York" to drum up support for extreme lockdown measures.

It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.

By protecting banks from the costs of poor investment decisions, central banks encourage further risk taking and malinvestment. They also prevent liquidation, which brings failed businesses' assets to the market at bargain prices, allowing new businesses to emerge from the detritus.