Topic: Crisis

Leaving People Alone Is the Best Way to Beat the Coronavirus

– March 23, 2020

The problem is a social and medical one, and not a political one. The best methods and avenues for people as individuals and as members of groups and participants in society as a whole, to discover and apply that which would be best to deal with a pandemic of this sort is to leave it to the institutions of voluntary civil society and the competitive, profit-directed forces of supply and demand.

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Coronavirus Lockdowns: When Will They End?

– March 23, 2020

There is no evidence that these grave consequences are being considered in a serious way. Instead, presentations tend to focus on technical issues and avoid the widespread suffering that soon will overwhelm many in the United States.

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Daily Economy News

Coronavirus and Economic Crisis (Video)

– March 22, 2020

In a shockingly short period of time, life in the US went from normal and happy to uncertain and essentially terrifying. The economic impact of both the virus and the policy response to the virus is without precedent. This video explores the unfolding …

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A Retrospective on the Avian Flu Scare of 2005

– March 22, 2020

On November 1, 2005, President George W. Bush held a press conference in which he called for draconian measures and $7.1 billion in spending to stop the spread of H5N1 Avian flu, which was then starting to cause some panic.  “The president said th …

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Economic Theory in Time of Crisis

– March 22, 2020

The self-corrective mechanism has been shut off by dictate, not just made more difficult or confusing but locked down by government dictate. In short, this downfall is a consequence of a government-mandated work stoppage due to a public health crisis.

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Globalization Does Not Increase Pandemic Risk

– March 22, 2020

During the 20th century, the volume of international exchanges went in the opposite direction: trade increased and expanded as a result of trade liberalization and technological innovations in transport and communications. Thus, it appears that in spite of globalization, the damages wrought by pandemics have fallen.

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Incarceration, Monetization, and Nationalization Can’t Preserve Our Health or Wealth

– March 21, 2020

Perhaps the main difference between the mild reaction to the more lethal H1NI virus in 2010 and the hyped, heated reaction to the Wuhan China virus in 2020 is the difference between President Obama, who was adored by most of the media, and President Trump, who, we know, is reviled by most of it.

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Counterfactual: What If Government Had Not Intervened?

– March 21, 2020

Had governments done nothing in response to the Coronavirus, individuals and businesses would have done much more, and done so without going out of business. The Ruling Class overseeing this crack-up deserves the mother of all comeuppances that goes well beyond losing in the next election cycle.

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Columbia-NYT Model population-US

The Columbia-NYT Model Can’t Be Right

– March 21, 2020

Most of the disease-forecasting models hitting the headlines these days are based on applying dubious exponentials on vast numbers of unknowns, while the public-relations spin weaves the appearance of certainty that is unsustainable given existing knowns.

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Alcohol to the Rescue!

– March 21, 2020

People are, sadly, suffering and dying because of coronavirus, the harms from which are planetary in scale. We should remember, all of us, amid hardships and confusion, isolation and loss, disruption and sorrow, to appreciate the small, entrepreneurial miracles that have widespread and salubrious effects—like turning vodka into pocket-sized, germ-killing gel!

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The Coronavirus Recession: What Can the China Experience Tell Us?

– March 21, 2020

The U.S. coronavirus contagion began in February, is accelerating in mid-March, and is just now being confronted with major city, state, and industry closings. If we experience a 10-week long economic disturbance like China’s, then we will see sharply negative GDP growth effects for part of February, all of March, part of April and maybe longer.

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Beware of Panic Policymaking

– March 20, 2020

Precisely because we are now more willing to let our guard down we must keep a vigilant eye on all these politicians who are now hyperactively working to “protect” us.

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