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.
READ MOREHad 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.
READ MOREMost 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.
READ MOREPeople 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!
READ MOREThe 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.
READ MOREPrecisely 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.
READ MOREToo often in a crisis, level-headed voices are drowned out by demagogues, shouting, and fear. Below you will find interesting and credible information that should inform the policy response.
READ MOREWhen there is a shortage of medical supplies, going out of our way to make them more expensive will hurt people. These are also not perishable goods – stockpiling them from efficient sources to be deployed in a future crisis seems like a safer bet than shiny new idle factories waiting to ramp up production when the next virus hits.
READ MORECompounding one mistake – allowing mission creep to divert resources away from the government’s presumed public health mandate – with another (unduly restricting civil liberties in a desperate attempt to make up for the first failure) is a recipe for revolution.
READ MOREEven in self-imposed isolation, the keen intellects at AIER have managed to reach people across the globe, providing unique perspectives and key economic insights to those who most want and need it. A communicable virus has nothing on communicable ideas.
READ MOREThere was never in 2020 an economic crisis born of a spreading virus; rather a spreading virus proved oxygen for politicians on all levels on the way to them forcing contraction on an economy that, if large and growing larger, would be most capable of slaying the virus.
READ MOREWhy would the U.S. death rate fall so much over just a few days? The answer is that as more people are tested for the virus, the death rate falls because it becomes more accurate.
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