April 10, 2020 – Cory D. Carpenter …… The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy. Continue reading →
April 9, 2020 – Claus Wiemann Frølund …… Noneconomists struggle to realize that scarcity results in the necessity of tradeoffs. During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of “prioritizing money over lives.” Continue reading →
April 2, 2020 – Matthew Tanous …… What needs to be done in such a crisis is not to attempt to steer the market to ensure it provides what is needed, but to let it free to do what it always does: match the goals of entrepreneurial producers with the needs of the populace. Continue reading →
March 31, 2020 – Hunter Hastings …… We are about to enter a production slowdown—a collapse, really—not because some businesses miscalculated their investments, but because government intervened drastically and without warning to shut down many businesses. Continue reading →
March 22, 2020 – Zilvinas Silenas …… True economic resilience comes from the ability to adapt to changes, not ignoring or masking them. Continue reading →
March 9, 2020 – John Phelan …… In a book on prohibitions, John Meadowcroft of King’s College in London offers several “generic lessons and implications” of the practice. Hint – prohibition does more harm than good. Continue reading →
March 5, 2020 – Lee Friday …… Private property should NOT be subject to government heritage protection. It is morally wrong, and economically counterproductive. Continue reading →
March 4, 2020 – Lawrence W. Reed …… The first few years of Plymouth colony were fraught with hardship and hunger. Economics had a lot to do with it. Continue reading →