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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.
In an effort to defy Donald Trump, Andrew Cuomo, NBC, and CBS have suddenly embraced what they have long hated: state sovereignty and the extensive decentralization mandated by the Tenth Amendment.
Protectionism and Free TradeWorld History
It is thanks to global trade that we now have access to many more resources for treatment and prevention of disease, including COVID-19.
Bureaucracy and RegulationHealthPrice Controls
Thanks to regulations and a lack of private spending, Italy's healthcare system had very limited capacity even before the current crisis.
How much must total mortality increase to justify a global suspension of commerce and the rule of law? One percent? Ten percent? And what if overall mortality doesn't even go up?
Bureaucracy and RegulationHealth
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?
It is precisely during a crisis that private property, the price mechanism, and the profit and loss system are most important, and when the government can do the most damage.
Big GovernmentGlobal Economy
Philipp Bagus reports from Spain: when people are frightened enough, they'll let the state do pretty much anything.