The Importance of Rising Prices in a Crisis
Prices should rise during emergencies. That’s because prices aren’t just money; they are signals, information. They tell suppliers what their customers want most.
COVID-19 Response: Why Should the U.S. Copy China Rather Than South Korea?
The South Korean government has brought about superior outcomes than the much heavier handed, authoritarian measures of China, Italy, the U.S., and virtually every other afflicted nation.
Coronavirus: Be Alarmed, But Don’t Panic
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.
Judy Shelton: Golden Nominee for a Tarnished Fed
Judy Shelton is a high-class, high-quality economist, who should join the Fed not so much to burnish its image but to keep it at least a little bit honest and real. The Fed today doesn’t really deserve Shelton, but Shelton deserves a top place at the Fed.
Individual Rights vs. Statist Wishes: So-Called “Right to Health Care”
In order for government to provide medical services to someone who cannot afford it, it must use intimidation, threats, and coercion to take the earnings of another American to provide that service.
Anti-Gig-Work Laws Benefit Politicians and Punish Freelance Workers
Freelance jobs are “feudalism,” says California Assemblywoman Lorena Gonzalez. She persuaded California’s legislature to pass a new law reclassifying freelance workers as employees. That means many people who hire them must now give them benefits...Government Price Control of Pharmaceutical Drugs
The government should have no business in controlling drug prices or regulating drug development.
Moral Hazard
Although “moral hazard” is an insurance term, it applies to other government policies besides insurance.
Senator Elizabeth Warren: Central Planner for ‘State Capitalism’
Warren herself would have made a bad president, but of far more concern was her potential to act as a force multiplier for bad presidents down the road.
