The Economic Effects of the Government’s Response to COVID-19
Mark Thornton delivered this talk via Zoom to the Auburn Rotary Club on Wednesday, May 6, 2020. Mises WireThe Mises Institute exists to promote teaching and research in the Austrian …
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Some Insightful Entrepreneurs Planned for a Pandemic
Although many claim “nobody saw this coming,” some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions. This Audio Mises Wire is generously sponsored …
How All That Extra Stimulus Money Could Lead to Price Inflation
More money creation doesn’t necessarily mean higher consumer prices. But, if production is falling while consumers use their stimulus checks to buy food and clothing, we could see noticeable price …
The Global Airline Industry Is in Even Worse Shape Than You Think
The economic impact of the COVID-19 pandemic has reached all productive sectors. The massive spread of the virus and social distancing measures have led to a dramatic decrease in economic …
Police Are Complicit in Politicians’ Disregard for the Rule of Law
People of a certain age might remember the old John Birch Society slogan “Support your local police!” The idea here is that your local policeman is a liberty-loving buddy of yours …
How All That Extra Stimulus Money Could Lead to Price Inflation
In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. …
Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle
In a recent article entitled “Where Are All the Austrian Scholars’ Yachts?” John Tamny has criticized Austrian economists, and Mark Thornton in particular, for their skepticism regarding the relatively “ebullient …
Per Bylund: Avoid the Errors of UN-trepreneurship
Key Takeaways and Actionable Insights Follow the guidance of the Austrian Business Model. The entrepreneurial business model is built on a set of important economic principles. Wandering away from the …
America Is a Technocracy, Not a Democracy
The people who really run the country are unelected “experts” and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions. …
The Marshall Plan Myth Lives On
Some myths in politics die hard. We are constantly reminded by the managerial classes that foreign aid is crucial to lifting the developing world out of poverty. With the magic …