While the West Panicked, Some Asian Regimes Took a Different Path
Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.
Mises Wire
Free Trade Brings More Foreign Investment into the US. That’s a Good Thing.
Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.
Beyond the NAP: Rothbard’s Full Case for Liberty
The nonaggression principle—"anything peaceful"—comes as close to a value-free analysis in a political, ethical, economic, and legal theory as conceivably possible. It was insufficient for Rothbard, because he rightly found it insufficient for liberty.
Education and the Coronavirus: Trying to Look on the Bright Side
Entrepreneurs can offer new ways of serving established markets, but large institutions will keep with what has worked in the past so long as it just continues to work in the present. Radical change happens only in an emergency. For the British university that time has now arrived.
How Risk-Based Healthcare Could Make Us Healthier
A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations.
The Real Cost of Anti-Price-Gouging Laws
If buyers aren't allowed to compete in terms of prices, they'll be forced to compete in terms of time waiting, distance traveled, or other real costs.
Airline Bailouts Destabilize the Economy and Inflate Asset Prices
The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries.
The COVID-19 “Lockdowns” Are What Twenty-First-Century Mob Rule Looks Like
There is a misconception among critics of the COVID-19 lockdowns that they're being imposed over the howls of the local population, which wants freedom. If only that were true.
Yes, There Are Tradeoffs between Disease Prevention and Economic Destruction
Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives."
Freedom Still Matters, Even in the Midst of a Virus
“Whenever a single definite object is made the supreme end of the State…the State becomes for the time inevitably absolute.” We cannot allow combating a virus to overwhelm all other values in society.
