🔁 Mises Institute Retweeted:
Jeff Deist @jeffdeist

Now, several weeks too late, pols, journos, and pundits want to talk about the costs & benefits of the shutdown. Costs and benefits for your life. It was never their decision to make. @mises opposed it from the beginning. mises.org/wire/end-shutdown … twitter.com/mises/status/12478

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A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations. | Cameron Smith mises.org/wire/how-risk-based- … twitter.com/mises/status/12478

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🔁 Mises Institute Retweeted:
Hunter Hastings @hhhastings

I enjoyed the privilege - and fun - of talking to Rory Sutherland on Economics For Entrepreneurs podcast @e4epod twitter.com/e4epod/status/1247 … twitter.com/mises/status/12476

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🔁 Mises Institute Retweeted:
Economics for Entrepreneurs @e4epod

What's locked in @rorysutherland's Black Box? The Psycho-logic that influences a customer to buy our not buy your product. How can you unlock it? Listen to the episode now on Apple Podcasts: e4epod.com/rory  twitter.com/mises/status/12476

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The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy. | Cory D. Carpenter mises.org/wire/life-and-health … twitter.com/mises/status/12476

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🔁 Mises Institute Retweeted:
Mark J. Valek @MarkValek

"What Has Government Done to Our Money?"

I have the strong feeling, that book is missing in that shelf. twitter.com/BrookingsInst/stat … twitter.com/mises/status/12474

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The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries. | William L. Anderson mises.org/wire/airline-bailout … twitter.com/mises/status/12475

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🔁 Mises Institute Retweeted:
Jeff Deist @jeffdeist

The crazed "monetary policy" of the Bernanke-Yellen era is about to look downright conservative. Of course the Fed will buy equities and corporate debt.
@ThoBishop in The Hill. thehill.com/opinion/finance/49 … twitter.com/mises/status/12475

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Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of "prioritizing money over lives." | Claus Wiemann Frølund mises.org/wire/yes-there-are-t … twitter.com/mises/status/12475

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🔁 Mises Institute Retweeted:
Peter G. Klein @petergklein

The side effect is bad but so is the primary effect -- "profiteering" is journo-speak for "resource allocation via the price mechanism." twitter.com/MikeIsaac/status/1 … twitter.com/mises/status/12472

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What we can learn from the Patriot Act is that during a time of crisis governments can pass legislation that impacts citizens’ lives long after the crisis of the day has passed. | Shane J. Coules mises.org/wire/egalite-fratern … twitter.com/mises/status/12473

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🔁 Mises Institute Retweeted:
Per Bylund @PerBylund

"Nearly all monetary, fiscal, and economic policy measures...lead to a spiral of intervention. … Let us use this opportunity to regain our capacity to learn as a society, so that the next disaster will hardly be a stroke of fate!"
Nice piece by Rahim. mises.org/wire/political-manag … twitter.com/mises/status/12472

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A common theme during the government's failures during the coronavirus is the impotency of bureaucratic decision making.

Mises wrote the book on this in 1944.

Check out this @jeffdeist on Bureaucracy

mises.org/library/bureaucratic …

Or read it here: mises.org/library/bureaucracy … twitter.com/mises/status/12472

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Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead. | Jason Morgan mises.org/wire/japan-has-avoid … twitter.com/mises/status/12471

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🔁 Mises Institute Retweeted:
Jeff Deist @jeffdeist

Every national politician and central banker should be required to read Chapter XX of Human Action, roughly 50 pages. It's the single most succinct refutation of more money/credit= richer society. twitter.com/mises/status/12471

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