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The EnvironmentPrivate Property
The popular notion that indigenous peoples residing in a precapitalist order are particularly skillful at managing the earth's resources is a myth.
Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.
Although bureaucrats with safe jobs and luxury homes like Anthony Fauci continue to insist mass unemployment is merely "inconvenient," job losses mean many Mexicans could be staring grinding poverty in the face.
There is a misconception among critics of the COVID-19 lockdowns that they're being imposed over the howls of the local population, which wants freedom. If only that were true.
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?
Taxes and SpendingWorld History
Whatever happens with the virus, the real story, the real historical change, is probably economic. Abenomics—Japan's ultra-Keynesian experiment—seems to be dead.
Bureaucracy and RegulationMonetary PolicyWorld History
The popular narrative is that demographics are driving Japan's declining worker productivity. But the real culprit is government regulations and a lack of entrepreneurship.
Labor and WagesTaxes and Spending
Real higher wages can't be created with a government fiat. Worker productivity must first be increased through greater investment.