Economics

Let’s Not Repeat the Mistakes of the Great Depression 0
- Economics
- May 26, 2020
During the Great Recession, President Obama’s chief-of-staff Rahm Emanuel infamously advised, “You never want a serious crisis to go to waste.” And, sure enough, the COVID-19 threat has given politicians another crisis to promote long-sought policy goals. Some are calling for a modern version of the New Deal, but is this a good idea? Setting
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Why Companies Pitch in Without Being Ordered To 0
- Economics
- May 22, 2020
Severe shortages of critical medical supplies have prompted governments to compel private companies to fill the gap. In the U.S., President Donald Trump invoked rarely used powers to force General Motors to make ventilators, while the leaders of France, the U.K. and Japan have put pressure on companies to make more medical supplies. But, judging
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We Were Never Asked to Approve the Shutdown 0
- Economics
- May 20, 2020
Police officers dealing with the public have a fairly savvy approach to persuasion: first ask, then tell, then force. It works because it accounts for the dignity and self-respect of others. Uncertain rookie cops and bullies are the ones who forget to ask, adding unnecessary friction to encounters between citizens and the state. In the
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Illegal Aliens Can Begin Applying for Cash Assistance in California 0
- Economics
- May 20, 2020
Illegal aliens can apply for direct cash assistance from the California state government as of Monday, marking the implementation of the first relief program of its kind. California Gov. Gavin Newsom, a Democrat, announced in April the launch of the Disaster Relief Fund, a $125 million coronavirus relief program for illegal aliens living in the
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Death and Taxes: The Motivation Behind Selective Reopening 0
- Economics
- May 19, 2020
America is slowly beginning to reopen, with different states running the course at varying speeds. While the Wisconsin Supreme Court recently repealed state-wide regulations instantaneously, most states do not have the benefit of such decisive action, and are instead suffering through phases arbitrarily decided by state and local governments or executive fiat. In most of America, liquor
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Sweden’s COVID-19 Strategy Is Quietly Becoming the World’s 0
- Economics
- May 14, 2020
Sweden’s unique approach to the COVID-19 pandemic has been drawing a great deal of scrutiny for weeks, including both admiration and criticism. The Swedes, unlike most other nations, have eschewed the hardline approach that has led to mass economic shutdowns and skyrocketing unemployment. Restaurants, bars, public pools, libraries and most schools remain open. While the
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