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?
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.
By being so dovish for so long, the Fed has greatly limited what it can do in case of recession without resorting to untried and radical solutions like negative rates.
Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.
Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.
