If time preference is genetically built into humans, are they double discounting future goods? Does this mean people should stop trying to weigh time in their calculations?
Hayek is guilty of pointing out what should be abundantly obvious: both democratic and authoritarian regimes can commit grave crimes against human rights.
Proponents of mandatory vaccines and enhanced surveillance are trying to blackmail the American people by arguing that the lockdown cannot end unless we create a healthcare surveillance state and make vaccination mandatory.
New York and New Jersey have produced more COVID-19 deaths than the rest of the country combined. So politicians have repeatedly claimed that the nation is "two weeks behind New York" to drum up support for extreme lockdown measures.
Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics think that technological shocks can explain 70 percent of economic fluctuations in postwar US data. Unfortunately their quantitative methods are simplistic and ignore the real problem: central banking.
If we regard nationalism as necessarily harmful, we end up supporting the Soviet Union, and every empire and two-bit dictator who manages to hammer together a variety of disparate groups under a single national banner.