How Many Lives Will Politicians Sacrifice in the Name of Fighting COVID-19?
In a world of scarcity, there are no solutions, only tradeoffs.
Mises Wire
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."
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.
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.
How Governments Broke the Oil Market
The oil industry became one of the main areas of malinvestment in the years of massive liquidity and low yields. This perpetuated excess capacity and kept inefficient companies unnecessarily alive.
Facing Economic Disaster, France Turns against Globalism
France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.
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.
In Defense of Landlords
Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup it for some time. In creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.
