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If we do not correctly take into account the opportunity cost, in terms of lives that can be lost from lockdowns, then we will most likely continue to make bad decisions in the future.
Bureaucracy and RegulationHealth
In a free country, doctors would be free to prescribe whatever drugs they wish to anyone for any reason. In fact, individuals should be free to buy drugs without a special government-required doctor's note.
There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.
SocialismPhilosophy and Methodology
The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.
Big GovernmentU.S. HistoryPolitical Theory
Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.
InflationMonetary TheoryOther Schools of Thought
Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.
Big GovernmentDecentralization and Secession
Although national tragedies tend to bring a country together, it seems clear that the coronavirus will leave America as divided as it has been in modern history.