Government officials (and pundits) never seem to learn (or remember) that in times of crisis, naturally rising prices are necessary to guarantee that goods, services and inputs are used to maximum social advantage. When governments prevent price hikes, they unwittingly createshortages of vital supplies. Unfortunately, such government intervention makes it harder for people to recover from disasters or, today, to protect themselves from the coronavirus.
Speaking of the coronavirus, the rational optimist – Matt Ridley – isn’t so optimistic.
Also writing wisely on markets and disease is Scott Sumner.
George Leef reviews my GMU Econ colleague Jim Bennett’s new book, Intercollegiate Athletics, Inc.
Jeff Jacoby reports on just how far to the left Joe Biden has moved.
John Goodman isn’t impressed with Paul Krugman’s latest book. A slice:
Reading Krugman on corporate taxation, you would never know that both theory and evidence suggest that workers, rather than rich people, bear the burden of the income tax and that corporate taxes actually suppress worker wages both in this country and abroad.
