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“I was happy to discuss with Neil Cavuto the ridiculous amount of money the federal government has spent to combat the economic impact of the coronavirus and the long-term impact of this spending on employment and fiscal health.” ~Edward Peter Stringham
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“We’ve learned throughout this ordeal that despite our technology, our knowledge, our history of building prosperity and peace, we are no smarter than our ancestors and, by some measures, not as smart as our parents and grandparents. The experience with COVID has caused a mass reversion to the superstitions and panics that sporadically defined the human experience of ages past.” ~ Jeffrey A. Tucker
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“I appeared on the BBC to discuss the huge problems of social media and why Trump’s executive order can only make matters worse. What we need are fewer controls, not more, and a restoration of the original idea of the Internet as a free marketplace of ideas.” ~ Edward Stringham
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Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. Here I join Karen Tso, Steve Sedgwick, and Julianna Tatelbaum from CNBC “Street Signs” to discuss the U.S. economy.
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What can economics tell us about modeling the policy response to pandemics? In this interview we discuss the role of interdisciplinary insights into public health policy, scrutinize the coronavirus models, and explore the challenges with accurately forecasting disease transmission.
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The American Institute for Economic Research held a live seminar with Knut Wittkowski, David Henderson, and Bill Luddy. The topic: whether we have to choose between health and wealth. https://youtu.be/rV8W3yIDkoA
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You can’t mitigate a disease by destroying the people’s liberty and property. The costs of the shutdown have been unspeakably high and get worse by the day. Those costs must be considered alongside those of Covid-19 itself.
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Protectionism with the twist of #COVIDー19 is a very toxic combination, especially in the medical supply trade. When there is a shortage of medical supplies, going out of our way to make them more expensive will hurt people.
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If there is one lesson we should learn it is that diseases should be managed as medical matters, not opportunities for politicians and regulators to try out their theories and powers on the rest of the population.
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“I think people in the United States and maybe other countries as well are more docile than they should be. People should talk with their politicians, question them, ask them to explain, because if people don’t stand up to their rights, their rights will be forgotten.”
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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.
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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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