Progressives and the Origins of the Economic “Consensus”

There was a time when free market economists were some of the most highly praised intellectuals in the modern world. In the early twentieth century, Austrian economics was understood for what it truly is: a social science based on praxeology and human action. But from the mid-1900s through the 2000s, […]

The Left Gets Capitalism Wrong. Yet Again

Capitalism Alone: The Future of the System That Rules the WorldBy Branko MilanovicHarvard University Press, 2019287 pages At first, one might be tempted to toss this book aside. Milanovic, who used to be lead economist at the World Bank’s research department, is a specialist in global inequality. He esteems the […]

Exploring the Fallout from the 2020 Panic

It is in a time of crisis where the leviathan state has the greatest opportunity to grow. The global coronavirus pandemic has given cover to governments around the world to give into totalitarian instincts and implement authoritarian policies against their people. It is in times like this when an uncompromising […]

Richard Cobden: Exemplar of Liberty, Property, and Peace

For years, I have had a Mises coffee mug that endorses liberty, property, and peace. And it gets a fair amount of use, which keeps reminding me of those essential building blocks of a good society. But the last time I used it, I happened to be reading about Richard […]

The German Court’s Unexpected Blow to the ECB

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. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. […]

Pandemic Wagering: Tesla or Table Tennis?

If one were looking for clues as to why the stock market has rebounded while daily economic news grows worse, besides the Federal Reserve’s Jerome Powell’s “flooding of the market” with liquidity, another reason could be the flood of new punters betting on stocks, from high-flying tech shares to dead-in-the-water leisure […]

Three Ways Lockdowns Paved the Way for These Riots

There were many reasons to oppose the COVID-19 lockdowns. They cost human lives in terms of deferred medical treatment. They cost human lives in terms of greater suicide and drug overdoses. Domestic abuse and child abuse have increased. There is also good reason to believe that lockdowns don’t actually work. The lockdown activists capitalized […]

Five Ways to Improve Social Media (and the Internet)

There are two mainstream positions on Trump’s recent Executive Order on Preventing Online Censorship and section 230 of the 1996 Communications Decency Act (CDA): 1) the Electronic Frontier Foundation (EFF)/Techdirt liberal/libertarian view that Twitter, Facebook, etc. are private firms and can do what they want and 2) the Trump/Hawley/social conservative […]

The Cost of Lockdowns in Human Health and Human Lives Is Becoming Increasingly Clear

Of course, anyone who deals in interacting with the real world (i.e., not lifelong bureaucrats like Fauci, who needs not exhibit any actual competence to collect his $400,000 paycheck) understands that preserving and augmenting wealth is key in enhancing health and life. This Audio Mises Wire is generously sponsored by […]

It’s Nearly Impossible to Fire a Police Officer. Here’s Why.

What does it take to fire a cop? In comparison to several other high-profile cases in which a police officer has killed someone on video, things have moved remarkably fast in the George Floyd case. The other four officers involved in his arrest were fired from the Minneapolis Police Department […]

Michael Flynn, Lori Loughlin, and the Permanent Culture of Prosecutorial Abuse

When US attorney general William Barr recently announced that the Department of Justice was reversing course and dropping all charges against former Trump adviser Michael Flynn, the response from Democrats, the mainstream news media, and Never-Trump Republicans such as David French was thermonuclear, to put it mildly. The New York Times, which […]

There’s No End in Sight to the Zombie Economy

The United States was waiting for the zombie apocalypse. The country was given a coronapocalypse instead. But could the two events merge and provide the nation with a dangerous economic trend? Corporate America’s worst-kept secret had been the swelling number of zombies kept on life support and hidden away during […]

In the Lockdown Fight for Local Control, Colorado Counties Begin to Ignore State Edicts

Some county governments in Colorado have made it clear that they don’t intend to adhere to the governor’s ongoing edicts requiring business closures and mandating social distancing. And it’s unclear that the governor is willing to burn the political capital to force county governments to do so. This Audio Mises […]

Two Analogies for the Economy That the Media Keeps Getting Wrong

In an attempt to maintain the lockdown and their authority over our lives, politicians, health experts, and the mainstream media have been misusing some unusual analogies to describe the current economy. By using these analogies, our political overlords hope they can continue to keep the economy shut down, force companies […]

Defining “Inflation” Correctly

Inflation is typically defined as a general increase in the prices of goods and services—described by changes in the Consumer Price Index (CPI) or other price indexes. If inflation is a general rise in measured prices, then why is it regarded as bad news? What kind of damage can it […]

An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

Many analysts and economists are trying to predict the shape of the economic recovery post-COVID-19. To understand how the recovery may look, we need to look at past recoveries and at the history of pandemics. Starting with the pandemic, we know a few things. First, there has never been a […]

Minneapolis Riots Are a Reminder that Police Don’t Protect You or Your Property

Looting and arson have followed what began as peaceful protests in response to the apparent killing of George Floyd by Derek Chauvin, a now-former member of the Minneapolis Police Department. But whatever was the spark that set off the current round of rioting in the Twin Cities area, it is […]

A Florida Physician Runs for Congress

What does it mean to promote a politically conservative vision for health care? Our guest is Dr. Leo Valentin, a radiologist running as a Republican candidate for US Congress in Florida’s District 7. Powered by WPeMatico

Why Congressional “Oversight” of the Bureaucracy Is No Such Thing

Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites’ interests, at the expense of the public they are supposedly working for. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why […]

The CDC Slashed the COVID-19 Fatality Rate to a Fraction of Earlier Estimate Used to Justify Lockdowns

Extraordinary claims require extraordinary evidence. The prolockdown crowd has been making extraordinary claims. Meanwhile, they have produced little evidence to support their claims. Narrated by Daniella Bassi. Original Article: “The CDC Slashed the COVID-19 Fatality Rate to a Fraction of Earlier Estimate Used to Justify Lockdowns​​“ Powered by WPeMatico