From medical practices to grocery shipments, governments are loosening restrictions in order to keep goods and services affordable. But if these restrictions are unnecessary now, why claim they are ever necessary?
The key to recovering jobs quickly and efficiently is the combination of a flexible labor market, an attractive investment framework, and solid policies to preserve the business fabric of the country.
Federal regulation of medical tests and testing needs to be ended and left to the states. And then state authority must be broken up and decentralized even further.
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.
From trade barriers to disastrous government regulations, government intervention has crippled society's ability to respond well to the spread of disease.
The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.
State and local government budgets are in danger of collapsing. This will impel politicians to find ways to end the lockdowns. Politicians may not care whether you have a job. But they care deeply about their government budgets and jobs for their friends.
The coronavirus crisis has unleashed two types of bankruptcies that are very different, have different causes, and should require different solutions.
Africa is in no position to bring a halt to economic activity. Urban poverty and huge debts present an apparent choice between rampant disease and mass impoverishment.
From New York to London to Brussels to Tokyo, central banks in the last two weeks have embraced a wide variety of extraordinary inflationary measures to prop up insolvent banks and governments.
