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.

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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.

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Minneapolis Riots Are a Reminder That Police Don't Protect You or Your Property

Legal SystemThe Police State

Blog05/29/2020

Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option.

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3 Reasons States Will Reopen Regardless of What Trump Says

Blog05/29/2020

The reality of mandatory shutdowns is that state and local governments are now in the driver's seat, and that means that state and local politics is what really matters.

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What the Failed 55-MPH Speed Limit Law Tells Us about COVID Lockdowns

Big GovernmentHealthMedia and Culture

Blog05/27/2020

Americans were once harangued by government "experts" about the need to slow down on highways in order to save lives. Few listened. Today, laws demanding everyone "stay at home" may suffer a similar fate.

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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.

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Central Banks Are Destroying What Was Left of Free Markets

InflationThe FedMonetary Policy

Blog05/23/2020

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

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Why Didn't the 1958 and 1918 Pandemics Destroy the Economy? Hint: It's the Lockdowns

Blog05/21/2020

The 1958 pandemic killed twice as many people as COVID-19 has so far. Yet, the economy in 2020 has collapsed far worse than either in 1958 or the far worse pandemic of 1918.

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