Mises Wire

Three Ways Lockdowns Paved the Way for These Riots

Big GovernmentThe Police State

Blog06/02/2020

COVID lockdowns (1) threw millions out of work, (2) increased police harassment of peaceful people, (3) cut people off from key institutions that reduce social conflict. This made a volatile situation far worse.

Read More

There's No End in Sight to the Zombie Economy

Financial Markets

Blog06/01/2020

Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear of a liquidity crisis, credit crunch, and worse.

Read More

Two Analogies for the Economy That the Media Keeps Getting Wrong

Media and Culture

Blog05/30/2020

Ultimately, we need not rely on the government (i.e., the “king’s men” putting Humpty-Dumpty back together again). People acting freely in a marketplace could do it all by themselves. If only the government would let them.

Read More

The German Court's Unexpected Blow to the ECB

Decentralization and SecessionLegal SystemMonetary Policy

Blog05/29/2020

A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU.

Read More

Three Ways Lockdowns Are Costing Human Lives

Big GovernmentHealth

Blog05/29/2020

If we do not correctly take into account the opportunity cost, in terms of lives that can be lost from lockdowns, then we will most likely continue to make bad decisions in the future.

Read More

The Hydroxychloroquine Controversy Is a Reminder That Prescription Laws Are a Government Racket

Bureaucracy and RegulationHealth

Blog05/28/2020

In a free country, doctors would be free to prescribe whatever drugs they wish to anyone for any reason. In fact, individuals should be free to buy drugs without a special government-required doctor's note.

Read More

The Fed Is Doing "Whatever It Takes" to Prop Up the Economy. That's a Very Bad Thing.

InflationMonetary PolicyInterventionism

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

Read More
Shield icon wire