Topic: Crisis

Be Alarmed, But Don’t Panic

– March 12, 2020

If we realise what the real risks are and take effective action that makes use of the advantages we have compared to our ancestors then we can survive a major pandemic. If we panic, however, and do things that seem to make sense but actually make the economic and social effects worse, then the prospects are bad.


They Are Rewriting the History of Coronavirus in Real Time

– March 11, 2020

The daily threats and warnings have spooked markets far more than the sober analysis from genuine medical professionals. Markets, non-interventionist policies, and budget cuts have between little and nothing to do with the fear now spreading.


The Free Market Provides What We Need to Survive a Pandemic

– March 10, 2020

It is human liberty operating within a market framework that saves us in times like this. In a disease panic, we are learning, people lose their minds and stop thinking clearly about things that matter. They also reach out to authority to save them.


Don’t Sweat the Crash in Oil Prices

– March 10, 2020

It’s the result of a much-overdue price war among producers from which the consuming public will benefit. Amid the waves of bad economic news, this is actually good news.


Economic Crisis Is the State’s Oxygen

– March 9, 2020

With the virus priced, investor are now hedging themselves against a typically obtuse and alarmist reaction from policymakers that will enhance the power of government at the expense of the private sector where all growth takes place.


Why this Draconian Response to COVID-19?

– March 8, 2020

Are we really ready to imprison the world, wreck financial markets, destroy countless jobs, and massively disrupt life as we know it, all to forestall some uncertain fate, even as we do know the right way to deal with the problem from a medical point of view? It’s at least worth debating.


COVID-19 Prompts the Question: Why Value Human Life?

– March 7, 2020

Have you noticed how philosophical COVID-19 is making us? The possible presence of imminent death of so many – true or not – is causing a reassessment of fundamental issues.


The Fed Cannot Combat Coronavirus

– March 5, 2020

At a campaign speech on February 29, Senator Elizabeth Warren (D-Mass.) introduced her economic plan for combating COVID-19, more commonly known as the coronavirus.  The Warren plan has two elements. First, it calls for “a major targeted fiscal st …


Should Government Go Medieval During Pandemic Disease?

– March 4, 2020

It is high time that Americans stop pretending government can protect everyone, in every possible way, all the time and tell Washington to stop overstepping.


Anti-Gouging Laws Can Kill

– March 3, 2020

Much has been made in the media about the Surgeon General’s recent Twitter exhortation, “Seriously people – STOP BUYING MASKS! They are NOT effective in preventing general [sic] public from catching Coronavirus.” But what is usually left out is the res …


The Coronavirus Reveals the Limits of Monetary Policy

– March 2, 2020

There is a growing buzz in the media that the Federal Reserve and other central banks should provide support due to any slowdown that accompanies the coronavirus.


Economic Policy Must Prepare for Pandemic Disease

– February 27, 2020

The best approach to a shocking event like a global pandemic disease with a high death rate is to free the markets and eliminate barriers to trade as soon as possible. This would at least minimize the damage, get goods and services to those who need them, calm the panic, and reward traders and investors for maintaining normalcy and growth insofar as it is possible.