How the Fed Sows Social Division and Mistrust
As the central bank continues to pick winners and losers with its profligate monetary policy, social divisions will worsen.
Mises Wire
End the Shutdown
The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people must decide for themselves how and when to reopen society and return to their daily lives.
The Feds Are Suing Oracle for Discrimination, Even Though No One Has Complained
Federal agencies have destroyed the separation of powers that is supposed to exist in the US legal system, so agency bureaucrats now act as investigators, prosecutors, judges, and juries.
Why the World Has a Dollar Shortage, Despite Massive Fed Action
Can the US dollar lose its global reserve position? Sure it can, but not to a country that decides to commit the same monetary follies as the Fed. Most countries are trying to out-inflate the Fed. And that's good for the Fed.
What Would Rothbard Say about the COVID-19 Panic?
No matter what the situation, no one has the right to compel someone to act for another's benefit, and that includes forced quarantines, business closures, and expropriations of medical equipment in the name of "public health."
This Is Not a Recession—This Is a Government-Imposed Shutdown of the Private Sector
We are about to enter a production slowdown—a collapse, really—not because some businesses miscalculated their investments, but because government intervened drastically and without warning to shut down all businesses.
The Political Management of the Coronavirus Crisis
The less agile and adaptive a society is, the more severe its impotence in a crisis. Thanks to an obsessive reliance on monetary policy to fix every problem, our society has increasingly abandoned innovation and productivity.
What If the Fed Did Nothing?
As with current Fed policy, there would be both winners and losers if the Fed did nothing. Either way, there will be pain, but without the Fed we'd actually build the foundation for a more sound and lasting economic system.
“Cost Cutting” Is Necessary to Expand Real Investment
Many economists today think it's a bad thing when companies cut costs to increase profits. But this is a good thing that limits wasteful spending while setting the stage for more investment elsewhere.
How Governments (and the Fed) Make Life Harder for Young Families
Government institutions, including central banks, have long been responsible for increases in the cost of living. But the burden often falls most on those who are just starting out in their adult lives.
