Daily Economy News

The American Revolution Occurred in the Middle of a Pandemic

– July 4, 2020

“For soldiers in the Revolutionary War, COVID-19 would have been hardly noticed. Instead they dealt with a disease far more ghastly. And yet they fought. For freedom.” ~ Jeffrey Tucker

READ MORE

The Dubious Origins of the Lockdown Idea (podcast)

– July 4, 2020

Peter R. Quinones interviewed me on his podcast on the topic: the origin of the lockdown idea. This was the basis of my speech at Porcfest which was not recorded at my request. This is more-or-less a 50 minute version done in an interview format. Liste …

READ MORE
sledgehammer smashing glass

Smash the COVID Orthodoxy

– July 4, 2020

“In a time of industrial levels of draconian lockdown measures, of fear-mongering and politicization, a failure to speak out against the orthodoxy will only lead to more pain and suffering. Perhaps the status quo is the best way forward, but we will never know unless we have more voices in the conversation. When this is all over, history will remember those who were brave enough to speak out, insightful enough to weigh all the options, wise enough to consider the future, and most importantly those who stood for principle.” ~ Ethan Yang

READ MORE
grass walking

Two Pandemics: One Serious, One Mild

– July 3, 2020

“Simply put, we adopted the wrong measures and used them to ineffectually target the milder of the two pandemics, all the while neglecting or even exacerbating the much more severe outbreak that continues to run its course through our vulnerable nursing home population.” ~ Phillip W. Magness

READ MORE
nurse walking

Don’t Let Hospitalization Trends Blind You to the Numbers Themselves

– July 3, 2020

“What we can see clearly from the trends around the world is that the virus’s impact has been very uneven, and massive outbreaks like those experienced in Italy and New York are not inevitable, and seem to have little to do with how local government addressed the pandemic.” ~ Stephen C. Miller

READ MORE
Rand Paul

Rand Paul Is Right About Experts

– July 3, 2020

“An expert is very well-positioned to say “if you do these things, then you can expect the following effects with the following probabilities.” Only in the most extraordinary of circumstances—and even then, I’m still extremely skeptical—should they presume to tell others exactly which choices they should make.” ~ Art Carden

READ MORE
ocean wave

Municipality Second Waves: Zero and Counting

– July 3, 2020

“As the media continues to talk of a “second wave,” keep asking the important question: Have we yet seen a municipality second wave based on deaths? If the answer is no, then figure that what is happening is the first wave still washing through the larger landscape.” ~ Daniel B. Klein

READ MORE
unmasking

The Slow, Strange, and Wonderful Unmasking of America

– July 2, 2020

“The overturning of laws and mass displays of civil disobedience will play only supporting roles to knowledge gained and exchanged painfully slowly between people. The theoreticians and philosophers are asking important questions, but I urge them not to miss this deeply libertarian phenomenon analogous to so many market processes and free exchanges of ideas that slowly right society’s ship without a captain.” ~ Max Gulker

READ MORE
broken windows, brick building

Opposing Subsidies Isn’t Opposing What’s Subsidized: Bastiat’s Lesson

– July 2, 2020

“Among the dead and largely forgotten, Bastiat is worth reading for the depth of his insight and the clarity of his exposition. His articles and essays expose the hidden absurdity of a lot of proposals to “encourage the national labour” by subsidizing the arts, by blocking out the sun to benefit the candlemakers, or by building a negative railroad consisting of nothing but stops.” ~ Art Carden

READ MORE

Labor Market Recovery Continued in June but Surging COVID-19 Cases Raises Uncertainty

– July 2, 2020

Nearly 5 million private U.S. jobs were recovered in June; however, surging new COVID-19 cases are threatening the recovery.

READ MORE