Economic Trends
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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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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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Sorry, But Stimulus Policies Will Not Work
The most urgent health-related step is for the federal and state governments to remove all restrictions on private-sector experimentation while trying to find solutions to this epidemic.
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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…
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South Korea Preserved the Open Society and Now Infection Rates are Falling
What’s the better for dealing with pandemic disease: martial-law quarantines imposed by the state or keeping society open while trusting individuals, families, and communities to make intelligent decisions?
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Be Alarmed, But Don’t Panic
If we realise what the real risks are and take effective action that makes use of the advantages we have compared to our ancestors then we can survive a major pandemic. If we panic, however, and do things that seem to make sense but actually make the economic and social effects worse, then the prospects…
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The Free Market Provides What We Need to Survive a Pandemic
It is human liberty operating within a market framework that saves us in times like this. In a disease panic, we are learning, people lose their minds and stop thinking clearly about things that matter. They also reach out to authority to save them.
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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.
-
•
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.
-
•
Sorry, But Stimulus Policies Will Not Work
The most urgent health-related step is for the federal and state governments to remove all restrictions on private-sector experimentation while trying to find solutions to this epidemic.
-
•
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…
-
•
South Korea Preserved the Open Society and Now Infection Rates are Falling
What’s the better for dealing with pandemic disease: martial-law quarantines imposed by the state or keeping society open while trusting individuals, families, and communities to make intelligent decisions?
-
•
Be Alarmed, But Don’t Panic
If we realise what the real risks are and take effective action that makes use of the advantages we have compared to our ancestors then we can survive a major pandemic. If we panic, however, and do things that seem to make sense but actually make the economic and social effects worse, then the prospects…
-
•
The Free Market Provides What We Need to Survive a Pandemic
It is human liberty operating within a market framework that saves us in times like this. In a disease panic, we are learning, people lose their minds and stop thinking clearly about things that matter. They also reach out to authority to save them.