It's a good thing when politicians recognize that there are people out there who are less fortunate than the political class. But this empathy only does anyone any good if policymakers refrain from socialistic government schemes that make poverty worse.
The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.
In America, the person who declared a state of emergency (and can renew the emergency endlessly) is the same person who then uses the emergency to rule by decree. F.A. Hayek once pointed out how absurd such a system is.
The saddest aspect of this economic ignorance is that these evangelicals have completely ignored the real reductions in poverty rates in the past forty years, reductions that are due to liberalizing economies that once were in socialist straitjackets.
Michael Hardin and Bob have a lively and deep discussion on the true meaning of the gospel and how today’s Christians often misunderstand it.
It will be very interesting if the police—who did nothing to disperse protests that were obviously in violation of bans on mass gatherings—turn around and arrest business owners and other "violators" of a second round of stay-at-home orders.
The Democrats want trillions spent on infrastructure for a "Green New Deal." The GOP wants a trillion for roads and bridges. They're likely to find a way to "work together" to spend trillions either way.
Jeff Deist tackles the first Chapter of Man, Economy, and State. So much of what economics texts get wrong is laid out brilliantly here by Rothbard, who gives readers the basics of action, means/ends, time, ranking, factors of production, and capital in this 77 page master class.
Keith Knight walks Bob through a meticulous critique of Krugman’s new book on Arguing With Zombies.
A second round of lockdowns will assault an America already suffering from widespread unemployment and a fragile economy. Even worse, round two is likely to last longer than round one, bringing an even larger economic and social toll.
