“Hysterical, wildly off-the-mark forecasts about COVID-19 will ultimately cause more harm than good, and find their origins in the same set of snags which regularly trip up econometric forecasts. In the epidemiological version, instead of predicting a new Great Depression, they brought an artificial depression, a growing spate of coercive masking initiatives, school closures, and the lockdowns — which quite possibly filled the powderkeg that was ignited by the killing of George Floyd.” ~ Peter C. Earle
“Private enterprise and private governance pushed along by people seeking little more than their own advantages work remarkably well. If you want more evidence, look no further than the package on your doorstep.” ~ Art Carden
“We should acknowledge the weaknesses of our current system and make improvements if possible. At a minimum, that means scrapping the penny. More fundamental reforms, like permitting competition in coinage, would be better still.” ~ William J. Luther
“We’ve learned throughout this ordeal that despite our technology, our knowledge, our history of building prosperity and peace, we are no smarter than our ancestors and, by some measures, not as smart as our parents and grandparents. The experience with COVID has caused a mass reversion to the superstitions and panics that sporadically defined the human experience of ages past.” ~ Jeffrey A. Tucker
“Sadly, we live in this world. And in this world, members of Congress and the administration don’t care about the size of government, any more than they care about most of our other freedoms.” ~ Veronique de Rugy
“One-size-fits-all solutions in our political discourse are often made to work for every topic globally. Reality is not like that, as both economic and ecologic matters frequently assert.” ~ Joakim Book
“Farmers who want to retain good, experienced farm hands should be free to pay a dollar a week, day, hour, or minute to those same people, as they mutually agree. And when the world not only does not end but improves due to the policy, let’s extend it to other types of employers as well.” ~ Robert E. Wright
While signs of rebound in some measures of economic activity have started to emerge, reinstatement of lockdown restrictions could smother the nascent recovery.
“A picture is worth a thousand words, but a picture is not a good substitute for thoughtful analysis. Does the image actually support the conclusion? Or even worse, is the image misleading, steering you to an incorrect conclusion?” ~ Ramon DeGennaro
“Let’s learn from history and use the failure of our political system to push education back to the local level. I know many college professors, myself included, would be thrilled just to have students whose natural love of learning hasn’t been beaten out of them by 13 years of mass public education.” ~ Robert E. Wright
Labor market signs point to a nearing end to the policy-induced recession of 2020 but surging new COVID-19 cases could crush the budding recovery.
“Economics should not be viewed as a clean and sterile science that seeks to chart the world with equations. Rather it should seek to understand the oftentimes chaotic and messy nature of the market driven by the grit and wit of entrepreneurs.” ~ Ethan Yang
“It’s all about bringing the poison of politics to a realm of innovation that has thus far been mostly and mercifully free of it. Once we have to ask politicians’ permission to download a playful app, we are going further down the road that we’ve been on for the last several months: a new frontier of political control at the expense of individual choice.” ~ Jeffrey A. Tucker