The Convention Center Bubble Will Soon Pop
The COVID-19 depression will expose the Las Vegas convention center bubble for what it is: a massive malinvestment.
The COVID-19 depression will expose the Las Vegas convention center bubble for what it is: a massive malinvestment.
Bureaucrats cannot conjure wealth from nothing. They only have what they extract from the private sector. Unfortunately, the bureaucrats are now starving the private sector of funding while making government budgets ever larger.
Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.
Many Americans could die in the coming weeks and months thanks to the FDA’s blockade on coronavirus testing. Should we consider those victims as martyrs for the principle of bureaucratic supremacy?
What is the number of deaths due to disease which justifies the total abandonment of the rule of law and basic human freedoms? Sixty thousand? One hundred thousand? Three hundred thousand? Supporters of the current police state ought to pin down a number for us at which all rights are forfeit.
Even if the COVOID-19 virus turns out to be more severe than the skeptics give us reason to think it is, we can get through it. We cannot survive the end of the division of labor. It would be the finish of civilization as we know it.
Accad and Koka interview Ryan McMaken.
Ryan McMaken and Jeff Deist tackle Part Five of Human Action, delving into Mises's brilliant and radical view on socialism.