The plutocrats of Wall Street and Silicon Valley are scamming America

By Ryan McMakenMises Institute In recent years, it seems that the nation’s CEOs and billionaires are increasingly willing to drop the pretense that they are politically neutral entrepreneurs who simply want to go about their business. Last week, for example, more than a hundred CEOs met to plot ways to punish the people of Georgia […]

The political economy of fear

[S]ince love and fear can hardly exist together, if we must choose between them, it is far safer to be feared than loved.  — Niccolò Machiavelli, The Prince, 1513 All animals experience fear—human beings, perhaps, most of all. Any animal incapable of fear would have been hard pressed to survive, regardless of its size, speed, or […]

Central banks put wind at Bitcoin’s back

“Russia, Russia, Russia,” the current president used to sarcastically chastise opponents for wondering about 2016 election tinkering from Putin’s principality. Recent MAGA rallies featured “Covid, covid, covid,” with President Trump complaining that the press could think of nothing else. In investmentland, it’s “Bitcoin, bitcoin, bitcoin,” again knocking on dollar door number twenty thousand, where it […]

Why central bank digital currencies are a bad idea

Tomas Forgac, Mises Institute Central bank digital currencies (CBDC) are being sold with the narrative of protecting consumers who are increasingly moving to cashless payments. Some say that these cashless payments will rob us of the privacy advantages of cash while exposing us to bank runs, payment network blackouts, and foreign financial adversaries. Yet while these risks are […]

What the Covid vaccine hype fails to mention

Gilbert Berdine, MD11/24/2020 Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks […]

Covid deaths mount in France and the Czech Republic as lockdowns fail

Ryan McMaken, Mises InstFri Nov 20 2020 Lockdowns are back on in Europe and are making a quick comeback in the US as well. Spain, the UK, Belgium, and France are back in full lockdown mode, although a multitude of restrictions on movement within each country remained in place even when full lockdowns were ended […]

How easy money creates the boom-bust cycle

By Frank Shostak, Mises Institute11/10/2020 07:00:00According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial production, an analyst could ascertain the state of the […]

Lockdowns haven’t brought down Covid mortality, but they have killed millions of jobs

By Mitch Nemeth, Mises Institute Sat Nov 14 2020 23:30:00 During the early onset of covid-19 in the spring, government officials across the political spectrum widely agreed that government intervention and forced closure of many businesses was necessary to protect public health. This approach has clearly failed in the United States as it led to […]

Google mobility data suggests Sweden “socially distanced” less than other countries

By Ryan McMaken, Mises Institute 10/19/2020 As is often pointed out by pro-lockdown publications like the New York Times, Sweden has experienced covid-19 deaths at a rate above that of some of its neighbours that imposed relatively strict lockdowns, such as Denmark. What is rarely mentioned, however, is that Sweden’s deaths per million are also […]

Throwing printed money at this problem won’t make It go away

By Bryce McBride, the Mises Institute If while driving your car you suddenly noticed that you were heading straight for a cliff edge, of course the sensible thing to do would be to apply the brakes and sharply turn the wheel. If, however, rather than traveling by yourself you were instead driving a carload of […]