Voluntary Exchange Sources

22 Mar The fruits of nationalism

Posted at 17:31h in Voluntary Exchange Sources by one80Admin

Bloomberg has an article discussing a US planning session for a global pandemic, which took place in 2019: Last October, about 50 national security experts gathered in Washington to role-play a global response to a frightening scenario: a pandemic sparked by a mysterious new coronavirus ravages...

22 Mar Pittsburgh Tribune-Review: “The market’s bounty”

Posted at 17:30h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetIn my column for the November 26th, 2008, edition of the Pittsburgh Tribune-Review, I celebrated the market’s astonishing bounty – and lamented the fact that the market generally works so smoothly at delivering this bounty that few people ever notice the awesomeness of...

22 Mar Globalization Does Not Increase Pandemic Risk

Posted at 17:29h in Voluntary Exchange Sources by one80Admin

The coronavirus outbreak has sparked concerns that the occasion will fuel the ongoing backlash against open trade and borders. Nativists, protectionists and extremists on all sides of the political spectrum have already joined the bandwagon. To be sure, these critics would have jumped on any...

22 Mar Coronavirus and Economic Crisis (Video)

Posted at 17:28h in Voluntary Exchange Sources by one80Admin

In a shockingly short period of time, life in the US went from normal and happy to uncertain and essentially terrifying. The economic impact of both the virus and the policy response to the virus is without precedent. This video explores the unfolding of events,...

22 Mar Wealth, Health, and Globalization

Posted at 09:55h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetIn my latest column for the Pittsburgh Tribune-Review I push back against those who interpret the COVID-19 pandemic – whose severity is undoubtable – as a reason to reject free trade and globalization. A slice: Here’s a partial list of medicines, medical treatments and...

22 Mar Panic Has Led to Government “Cures” That Are Worse than the Disease, History Shows

Posted at 09:55h in Voluntary Exchange Sources by one80Admin

Anyone who’s seen the John Hughes movie Ferris Beller’s Day Off probably remembers the scene where Ferris’s economics teacher (Ben Stein) explains the Smoot-Hawley Tariff Act to a roomful of bored, sleeping students. The scene is brilliant for many reasons, perhaps most so because...

22 Mar The Dangerous Virulence of Ignorance of Trade

Posted at 09:48h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetHere’s a letter to the Wall Street Journal: Editor: United States Trade Representative Robert Lighthizer’s defense of Trump’s tariffs in the face of the COVID-19 outbreak ranges from the economically ignorant to the internally inconsistent all the way to the Orwellian (Letters, March 21). Mr. Lighthizer’s...

22 Mar What’s your libertarianism worth now?

Posted at 09:44h in Voluntary Exchange Sources by one80Admin

On his Facebook page, Robert Higgs writes: Virology is a branch of biological science. Epidemiology is a branch of medicine and demography. Libertarianism (including its subset, individualist anarchy) is an ideology. Do not let your commitment to libertarianism convince you that you do not need to...

20 Mar Interviews on Optimism and Innovation During a Pandemic

Posted at 10:12h in Voluntary Exchange Sources by one80Admin

"I thought you were the rational optimist. Why are you fear-mongering over Covid-19?" This is a real threat. But we will beat this. And we'll go on to make an even better life for people in the years ahead. I took a deep dive into the Covid-19...

20 Mar New Virus Podcast

Posted at 05:09h in Voluntary Exchange Sources by one80Admin

A grumpy economist podcast on virus economics so far. Read the Full Article here: >The Grumpy Economist...