How Markets Price a Pandemic—and How They Lower Risk
Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.
Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.
Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.
Readers of a certain age may remember the hysteria that surrounded AIDS for a period of the 1980s. Anthony Fauci was a central player in that, too.
Although it may seem as if landlord simply collect money from tenants without working, nothing could be further from the truth. Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup their money for some time. In the creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.
Collecting government data on the total number of COVID-19 cases has always been a mess. The number is likely far higher than the "official" numbers, and this means government proclamations about fatality rates are little more than bad guesses.
Governments are set to make mask wearing mandatory in many places. Yet some companies are committed to limiting supply and charging monopoly prices thanks to government-created patents.
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?