John Tamny On America’s Uniquely Productive Entrepreneurial Flywheel
Key Takeaways and Actionable Insights A growth business is what John Rossman, in episode #50, termed a flywheel. Using Amazon.com as an example, he gave us this simple image. The …
Mises Wire
Thanks to Shutdowns, Many Will Learn That Public Schooling Isn’t All That Essential After All
Panic over the COVID-19 virus has led to the closure of many schools and new forays into education outside the government school system. Many will find that they don’t need …
Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons
Hacking off soldiers’ limbs was a favorite technique of Civil War surgeons, largely because doctors wanted to avoid blame for later cases of gangrene. So doctors erred on the “safe” …
Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons
Politicians and government health officials’ justification for decreeing shutdowns of vast swaths of American life has been deterring the spread of COVID-19. According to Federal Reserve chairman Jerome Powell, almost …
No, Hayek Didn’t Support the Pinochet Regime
Hayek is guilty of pointing out what should be abundantly obvious: both democratic and authoritarian regimes can commit grave crimes against human rights. This Audio Mises Wire is generously sponsored …
How Words Like “Essential” and “Need” Are Abused by Politicians
Over the years, one of the most common trump cards used to justify government treating people differently, rather than equally, has been the word need. And when used to override individuals’ ownership …
Thanks to Shutdowns, Many Will Learn That Public Schooling Isn’t All That Essential After All
While some of America’s most demagogic politicians try to exploit the COVID-19 outbreak, some Americans are trying to make the most of their de facto state of house arrest. Government-imposed …
State Lockdowns Are Creating a Mental Health Disaster
Although state lockdowns have served governors well as a heavy-handed show of force, the policies are a patent neglect of the many nuances inherent in human action. They have led to a …
How Central Banks and Lockdowns Are Making the Crisis Worse
What typifies the phenomenon of the boom-bust cycle is that it is recurrent. What is the reason for this? Loose monetary policies set the platform for various activities that would …
The Federal Deficit Is Setting New Records as Spending Explodes
The Treasury Department released new federal spending and tax revenue data this week, and the US government is spending and borrowing at a record-breaking rate. The federal fiscal year begins …