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.
Even Now, Japan and Hong Kong are moving only very slowly toward economic "lockdowns." Korea and Taiwan employ different strategies altogether.
A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations.
If buyers aren't allowed to compete in terms of prices, they'll be forced to compete in terms of time waiting, distance traveled, or other real costs.
The nonaggression principle—"anything peaceful"—comes as close to a value-free analysis in a political, ethical, economic, and legal theory as conceivably possible. It was insufficient for Rothbard, because he rightly found it insufficient for liberty.
Entrepreneurs can offer new ways of serving established markets, but large institutions will keep with what has worked in the past so long as it just continues to work in the present. Radical change happens only in an emergency. For the British university that time has now arrived.
The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy.
Thanks to regulations and a lack of private spending, Italy's healthcare system had very limited capacity even before the current crisis.
The airline industry has clearly been prone to booms and busts for decades. Yet instead of planning for hard times, these corporate welfare machines called "airlines" use resources to inflate stock value and pad executive salaries.
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.
