Monday , November 30 2020
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Giving Thanks to Society’s Economic Benefactors

With all the attention commanded by the presidential campaign, election, and aftermath, plus the ongoing covid-19 story, many other issues have faded into the background. Though escaping the headlines, some of these other issues will be with us for a long time, and contributions to the public discussion of such issues often have a long-term impact. One such issue is a long-time favorite of progressives: income inequality. The most influential recent addition to the discussion is a study...

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Was the Election Free and Fair? The American Foreign Policy Establishment Doesn’t Care.

There’s at least one good reason to support Donald Trump’s ongoing lawsuits challenging the election results in several states: the US foreign policy establishment doesn’t want you to. As Newsweek reported last week, “A group of more than 100 national security experts” from Republican administrations have condemned the president’s challenges to some states' vote-counting process. These "experts" are claiming these legal efforts "undermine democracy" and "risk long-term damage" to the nation's...

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Why the IMF Is Wrong about Liquidity Traps

In the Financial Times from November 2, 2020, the International Monetary Fund chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap. Gopinath has reached this conclusion because the yearly growth rate of the price indexes has been trending down despite very low interest rates policies. According to the IMF chief economist, central banks have lowered interest rates to below 1 percent and in some countries interest rates are at...

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Debunking Seven Common Criticisms of Austrian Economics

Let's clear up some misconceptions about Austrian economics. If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods. Here are corrections:  "Austrian economics is not empirical." False. Empirical studies ("history") are important in Austrian economics and have larger scope than in mainstream economics. Mises worked with applied research in the Vienna...

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What the Covid Vaccine Hype Fails to Mention

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 apart. Hidden toward the end of both announcements, were the definitions of “effective.” Both trials have a treatment group that received the vaccine and...

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Those Who Fear Disease Most Are Most Likely to Prefer Authoritarian Regimes

Covid-19 has unleashed a pandemic of restrictive measures on the population. Lockdowns and mask mandates are becoming widespread. Libertarians have been vociferously denouncing covid-19 containment strategies as draconian. Evolutionary psychologists, however, argue that reactions in favor of government restrictions are the norm in environments where the public fears contamination. According to the parasitic stress theory popularized by Randy Thornhill and Corey Fincher, societies with a high...

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Election 2020: Rout of the Technocracy | Zachary Yost

This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy. Original article: https://mises.org/wire/election-2020-rout-technocracy This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Election 2020: Rout of the Technocracy

This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy. Original Article: "Election 2020: Rout of the Technocracy". This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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