People Adapt, Thwarting Government Plans

– April 3, 2020

If you derive no other takeaway from the political response to the ongoing COVID-19 pandemic, let it be this: human behavior adapts in real-time to ever-changing expectations of the future.

READ MORE
Opportunities at AIER

Intelligence Is Better than Panic

– April 3, 2020

AIER has become a leading voice for understanding during these times, helping to balance out the media-fueled panic that has gripped our country.

READ MORE

Quarantine Violators: “Shoot them dead”

– April 3, 2020

Six months ago, would you have said that government would forcibly be shutting down businesses? Probably not. So how do you know that, if restrictions keep building and building, six months from now there won’t be a green light to “shoot dead” quarantine violators?

READ MORE

Use and Abuse of Statistical Models in COVID19 (Video)

– April 2, 2020

In absence of factual tests, the void has been filled by statistical forecasts, many of which suffer from some of the same fallacies as historical models. Compounding the problem is that these models are being created in real time. These models have contributed to social and political panic.

READ MORE

Controls Breeding More Controls

– April 2, 2020

The extraordinary government clampdown on economic life that we are enduring — in order to preserve hospital beds and the capacity of doctors and nurses — is the result, not just of the coronavirus, but of the severe restrictions on economic activity that have made our economy brittle and poorly-suited to adapt and respond to this natural emergency.

READ MORE

Everyone Has a Human Right to Work

– April 1, 2020

The Trump base wants to work. And likely needs to. The Trump administration should go out of its way to legalize the right to work so that desperate service employees and workers in general at least have the chance to fix their devastated situations.

READ MORE

We Don’t Yet Live in a Police State. Or Perhaps We Do.

– April 1, 2020

Government advice is just that, good or bad and I grant that it is mostly sensible. But it is not for the police to misinterpret the law as they see fit or to enforce government advice.

READ MORE

You Are Conserving Toilet Paper, Aren’t You?

– April 1, 2020

Never take toilet paper for granted again. Never take anything for granted again. Let’s come out of this with a new appreciation for the astonishingly productive power and humanitarianism of markets.

READ MORE

The Creation of a Surveillance-and-Snitching Society

– April 1, 2020

We muddy the message when we don’t let prices change, and we tear the ties that bind us together when we create a snitching society.

READ MORE

Socialism Under the Cover of Pandemic

– April 1, 2020

Writing for the New York Times, Saez and Zucman use the occasion of the coronavirus’s economic disruptions to argue for the immediate adoption of a massive public jobs security program, accompanied by sweeping and punitive forms of taxation upon corporations and the wealthy.

READ MORE

The Devastating Economic Impact of the Coronavirus and Response

– March 31, 2020

This situation is evolving, and each day brings more information about the devastating coronavirus and our economy’s adjustment to it, along with other events that both beset and stimulate us. At this reading, 2020’s economic prospects are bleak. Indeed, we are currently in tough recession territory.

READ MORE

What Comes After the Coronavirus, Freedom or Despotism?

– March 31, 2020

What is the underlying premise behind all of these arguments, whether focused on the immediate coronavirus crisis or looking beyond to the world after the crisis is behind us? It is that freedom does not work or does not work as effectively as the critic thinks it should if this health crisis is to be successfully grappled with.

READ MORE