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.
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 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.
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.
The government should have no business in controlling drug prices or regulating drug development.
Although “moral hazard” is an insurance term, it applies to other government policies besides insurance.
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.
Instead of finding (temporarily expensive) masks available for sale, we are confronted by “No masks available” signs everywhere we look.
CAPITALISM REVIEW