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April 7, 2020
Mises Institute

By William L. Anderson

Airline Bailouts Destabilize the Economy and Inflate Asset Prices

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.

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By Jason Morgan

Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard

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.

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By Raushan Gross

What Is the Good
Entrepreneur to Do?

Some anticapitalists have tried to claim "good" entrepreneurs don't make profit the primary goal. Yet, without profit, an entrepreneur cannot serve the people who depend on him or her for goods and services.

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By David Gordon

Equality and Levelling Down

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?

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