The Gaslighting of the American People
“We can reject gaslighting and insist on regaining our rights, though whether we will forget this nightmare is debatable. Punishing our persecutors is certainly beyond us. A pity.” ~ Caroline Breashears
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Which Diseases Are on the Rise As We Fight COVID-19?
“Proponents of COVID-19 prevention measures are perfectly willing to discuss the lives that are saved at the expense of economic progress. But when will there be widespread recognition that these very same measures could cause millions of people around the world to contract––and die from––other preventable diseases? Are those lives somehow exempt from our tradeoff tally?” ~ Fiona Harrigan
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Powell Must Choose: Fiscal Restraint or Runaway Inflation
“Jerome Powell and those steering fiscal policy choose from two paths: fiscal responsibility or monetary debasement. If he is unable to maintain stable expectations of low inflation, the latter path awaits.” ~ James L. Caton
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Madness in Melbourne
“I cry for the once-great city of Melbourne this day. May there be justice. And may its future political leadership be granted some modicum of decency and wisdom.” ~ Jeffrey Tucker
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The Fiscal Fed
“Allowing the Fed to become a catch-all institution undermines its independence and ability to conduct monetary policy. If every job is the Fed’s job, it won’t do any of them well.” ~ Nicolás Cachanosky
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The Use of Knowledge in a Pandemic
“As Hayek reminded us, ‘We need decentralization because only thus can we ensure that the knowledge of the particular circumstances of time and place will be promptly used’ (p. 524). We’ve been here before. You are more of an expert than you might think.” ~ Jonathan Newman & Anthony Gill
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My Covid Cri de Cœur
“I cannot explain why the public reacts rationally – that is, without much concern – to news of famous young people testing positive for COVID but, to other news about COVID, reacts irrationally. This discrepancy itself only causes me to worry further about our ability, or willingness, to put COVID in proper perspective in order to restore some semblance of civilized modern life.” ~ Donald J. Boudreaux
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Is Immunity a Case of Rothbard’s Lost Knowledge?
“Murray Rothbard right now would surely be astonished at how medical ignorance, fake science, and the lust for power all combined so suddenly to create the greatest global crisis in modern history for the cause of liberty to which he devoted his life.” ~ Jeffrey Tucker
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Longer Lockdowns Associated with Much Worse Economic Outcomes
“It’s obvious that if you restrict and ban certain businesses, they will suffer for it. Some business owners who made it through the first wave of lockdowns are saying their businesses won’t be able to survive another. This isn’t rocket science.” ~Abigail Devereaux
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Inflation, Credit Allocation, and the Fed
“At the behest of Congress, the Fed has opened new facilities far afield of its traditional mandate. There is still some risk that the Fed will lose control and inflation will get out of hand. But there is a much bigger risk that the Fed will misallocate credit, reducing long run economic growth in the process.” ~ James L. Caton
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The Virus Doesn’t Care about Your Policies
“If there is a broad-based research study using real data that demonstrates something life-saving about destroying rights and liberties in the name of virus control, I’ve yet to see it. Meanwhile, we are overwhelmed with evidence that it was all pointlessly destructive.” ~ Jeffrey Tucker
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Government, Govern Thyself
“Most people seem to think that the problem with government power is that the wrong people are in office. That’s not right; the problem is that we want to rely on a physician who suffers an illness that cannot be cured.” ~ Michael Munger
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