Crisis
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To Kill Markets Is the Worst Possible Plan
This whole ghastly episode could become another teaching moment in misguided and damaging government policies that markets, once again, successfully endured and survived.
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The Top Economic Takeaway of the Coronavirus Panic
Ultimately, our wealth consists chiefly in the ongoing willingness and ability of millions of strangers to work for us daily. Any obstacle to large numbers of people performing their daily jobs means hardship for us all.
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Those Shelves Wouldn’t Be Empty If We Hadn’t Stopped “Capitalism”
This is a difficult time for a lot of people, and it’s understandable and admirably humane to want to help others in their time of need. We aren’t doing them any favors, however, by saying that they won’t be allowed to pay very much for a bottle of hand sanitizer they can’t get anyway.
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Celebrate the Heroes Who Stay Open
I smiled and said thank you to every employee stocking shelves, running the cash registers, mailing my packages, taking my dry cleaning, and selling me bleach wipes. Blessed are those who eschew the crazy demand to “shut down everything” and instead continue to serve the people.
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Stringham on Economic and Financial Stress (video)
I’m pleased to be facing a high demand right now to get on the media and make comments on the continuing market turmoil. Here is a recent appearance on Fox.
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Government Has Only Added to Insecurity and Fear
Coronavirus was in the news for weeks without any market correction, only for global politicians to begin inserting themselves into the process. Cascading markets ensued. Well, of course.
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The Insoluble Perils of Prediction
Statistically, there are usually only a handful of ways that a prediction can come true – but a myriad, even infinite, ways that it can go wrong. We should almost never expect a particular prediction to hold true.
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How the US Botched Coronavirus Testing
Highly restrictive procedures for virus testing have had the unintended consequence of shutting down tests that could detect outbreaks and save lives. Going by the book apparently mattered more than getting good results.
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Special Note from Edward Stringham
The good news is that this problem will pass in time, but a sound strategy right now, in addition to individual caution, is to free the markets to make the world economy less vulnerable to shocks such as this one.
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Coronavirus and a Case for Optimism
With coronavirus fears accelerating and nations and organizations across the world grappling with how best to contain and mitigate the harm, it becomes increasingly difficult to be optimistic about the immediate future. What are the prospects for the American public and for the 2020 economy? Will we see a sharp and extended increase in sickness…
-
•
To Kill Markets Is the Worst Possible Plan
This whole ghastly episode could become another teaching moment in misguided and damaging government policies that markets, once again, successfully endured and survived.
-
•
The Top Economic Takeaway of the Coronavirus Panic
Ultimately, our wealth consists chiefly in the ongoing willingness and ability of millions of strangers to work for us daily. Any obstacle to large numbers of people performing their daily jobs means hardship for us all.
-
•
Those Shelves Wouldn’t Be Empty If We Hadn’t Stopped “Capitalism”
This is a difficult time for a lot of people, and it’s understandable and admirably humane to want to help others in their time of need. We aren’t doing them any favors, however, by saying that they won’t be allowed to pay very much for a bottle of hand sanitizer they can’t get anyway.
-
•
Celebrate the Heroes Who Stay Open
I smiled and said thank you to every employee stocking shelves, running the cash registers, mailing my packages, taking my dry cleaning, and selling me bleach wipes. Blessed are those who eschew the crazy demand to “shut down everything” and instead continue to serve the people.
-
•
Stringham on Economic and Financial Stress (video)
I’m pleased to be facing a high demand right now to get on the media and make comments on the continuing market turmoil. Here is a recent appearance on Fox.
-
•
Government Has Only Added to Insecurity and Fear
Coronavirus was in the news for weeks without any market correction, only for global politicians to begin inserting themselves into the process. Cascading markets ensued. Well, of course.
-
•
The Insoluble Perils of Prediction
Statistically, there are usually only a handful of ways that a prediction can come true – but a myriad, even infinite, ways that it can go wrong. We should almost never expect a particular prediction to hold true.
-
•
How the US Botched Coronavirus Testing
Highly restrictive procedures for virus testing have had the unintended consequence of shutting down tests that could detect outbreaks and save lives. Going by the book apparently mattered more than getting good results.
-
•
Special Note from Edward Stringham
The good news is that this problem will pass in time, but a sound strategy right now, in addition to individual caution, is to free the markets to make the world economy less vulnerable to shocks such as this one.
-
•
Coronavirus and a Case for Optimism
With coronavirus fears accelerating and nations and organizations across the world grappling with how best to contain and mitigate the harm, it becomes increasingly difficult to be optimistic about the immediate future. What are the prospects for the American public and for the 2020 economy? Will we see a sharp and extended increase in sickness…