With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.
Dr. Peter Klein breaks down Part Six of Human Action, offering insights into Mises and "the Hampered Market Economy." This is a conversation you don't want to miss!
Ryan McMaken and Jeff Deist tackle Part Five of Human Action, delving into Mises's brilliant and radical view on socialism.
Ludwig von Mises explained how "war socialism" doesn't win wars. Similarly, "COVID-19 socialism" won't win the "war" on disease.
To ensure that the United States moves past this pandemic, we must minimize government infringements of civil liberties and maximize the incentives of private businesses and individuals who want to assist in our efforts to combat this “invisible enemy.”
John Maynard Keynes's supporters still insist that he was a mild and benign liberal. In truth, Keynes supported the blood-soaked Soviet regime and called himself a socialist.
The Left conveniently ignores dozens of state-dominated and state-controlled medical systems and decides that the lack of preparedness for COVID-19 was all the fault of those small slivers of healthcare systems that are actually private.
Egalitarians think that equality has intrinsic value: they advocate it for its own sake, not just to forestall bad consequences. But why is a situation in which some in it have been made better off, and none worse off, worse than one of equality?
Whether we're talking public health or economic growth, the Chinese regime's love of intervention and centralization has led to one crisis after another.
Sinister forces in American political life are using the coronavirus crisis to incite war with China and to stir up bad feelings toward the Chinese people. But war with China should be the last thing people want.
