Public Choice and Public Policy
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Benefits of a Balanced Public Health Strategy
“Disease mitigation policy that fails to incorporate diverse demographic, geographic, cultural, and even historical subtleties that characterize localities will see the same long tail of unintended consequences and policy failure.” ~ Peter C. Earle & Ryan M. Yonk
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Adam Smith, Capitation, and the Nonsense That Is the Proposed Wealth Tax
“While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the proposed wealth tax faces a greater obstacle to its adoption: it is blatantly unconstitutional.” ~ Phillip W. Magness
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The FDA is Back and Coming after Smart Socks
“Considering the FDA regulates nearly 40 percent of all consumer products, its recent actions are a strong cause for concern. As a health economist, I’ll be monitoring the situation closely.” ~ Raymond J. March
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Gain of Function Controversy Demands Greater Scrutiny for Government-Funded Science
“Not every failure of government-funded science is as pervasive as the high-carb diet, as ghastly as the lobotomy, or as controversial as gain of function experiments. But the risk remains as long as the government remains a major funding source for research.” ~ Raymond J. March
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Eyes on the Politicized Prize
“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness
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The Great Barrington Declaration One Year On
“Because science has been so completely politicized, it will take years longer to arrive at the truth than would have otherwise been the case. Here, we are left to offer advice with a nearly 2,500-year track record: First, do no harm.” ~ Phillip W. Magness & James R. Harrigan
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Fumento Misdiagnoses Remdesivir
“Remdesivir gives a story of the triumph of innovation during a difficult period. The lesson we should take away is not ‘Do something, anything,’ it is to get government out of the way so we can find solutions.” ~ Raymond J. March
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The Sunk Cost Fallacy in the War on Terror
“A sunk cost is an outlay (monetary or otherwise) that cannot be recouped once made. In economics, we teach our students that sunk costs should not factor into our decision-making.” ~ Abigail R. Hall Blanco
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Book Review: American Contagions: Epidemics and the Law from Smallpox to COVID-19
“What should courts do in these kinds of cases and how should they make the tradeoff between pursuing public health and protecting civil liberties during public health emergencies?” ~ Byron B. Carson III
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Environmentalism as Religion: Unpacking the Congregation
“Academics, such as Vogel et al., have learned to use these tools to stretch their limited findings into a full-blown rallying cry for their own preferred policies; in this case, socialism on a global scale.” ~ Jessica Rood & Ryan M. Yonk
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•
Benefits of a Balanced Public Health Strategy
“Disease mitigation policy that fails to incorporate diverse demographic, geographic, cultural, and even historical subtleties that characterize localities will see the same long tail of unintended consequences and policy failure.” ~ Peter C. Earle & Ryan M. Yonk
-
•
Adam Smith, Capitation, and the Nonsense That Is the Proposed Wealth Tax
“While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the proposed wealth tax faces a greater obstacle to its adoption: it is blatantly unconstitutional.” ~ Phillip W. Magness
-
•
The FDA is Back and Coming after Smart Socks
“Considering the FDA regulates nearly 40 percent of all consumer products, its recent actions are a strong cause for concern. As a health economist, I’ll be monitoring the situation closely.” ~ Raymond J. March
-
•
Gain of Function Controversy Demands Greater Scrutiny for Government-Funded Science
“Not every failure of government-funded science is as pervasive as the high-carb diet, as ghastly as the lobotomy, or as controversial as gain of function experiments. But the risk remains as long as the government remains a major funding source for research.” ~ Raymond J. March
-
•
Eyes on the Politicized Prize
“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness
-
•
The Great Barrington Declaration One Year On
“Because science has been so completely politicized, it will take years longer to arrive at the truth than would have otherwise been the case. Here, we are left to offer advice with a nearly 2,500-year track record: First, do no harm.” ~ Phillip W. Magness & James R. Harrigan
-
•
Fumento Misdiagnoses Remdesivir
“Remdesivir gives a story of the triumph of innovation during a difficult period. The lesson we should take away is not ‘Do something, anything,’ it is to get government out of the way so we can find solutions.” ~ Raymond J. March
-
•
The Sunk Cost Fallacy in the War on Terror
“A sunk cost is an outlay (monetary or otherwise) that cannot be recouped once made. In economics, we teach our students that sunk costs should not factor into our decision-making.” ~ Abigail R. Hall Blanco
-
•
Book Review: American Contagions: Epidemics and the Law from Smallpox to COVID-19
“What should courts do in these kinds of cases and how should they make the tradeoff between pursuing public health and protecting civil liberties during public health emergencies?” ~ Byron B. Carson III
-
•
Environmentalism as Religion: Unpacking the Congregation
“Academics, such as Vogel et al., have learned to use these tools to stretch their limited findings into a full-blown rallying cry for their own preferred policies; in this case, socialism on a global scale.” ~ Jessica Rood & Ryan M. Yonk