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The Wall Street Journal editors calmly but convincingly explain why we Americans should be very much disturbed by Joe Biden’s recent declaration that he would shut down the economy if so advised by “the scientists.” A slice:

Ah, the resort to scientists. But which scientists? The truth is that the experts have been wrong numerous times in this pandemic, and they often disagree. They first said masks don’t help but now say they do. They said ventilators were vital but soon learned other clinical methods worked better. Most of all, they counseled strict lockdowns, but we’ve learned the hard way that shutting down the country can be more costly than the virus.

Jeffrey Tucker argues that older Americans should oppose the covid lockdowns.

Megan McArdle eloquently unpacks the economic insanity in California’s AB5 legislation – the one that forces employers in that state to reclassify many independent contractors as “employees.” A slice:

When AB5 was debated, its backers asserted that it would benefit gig workers, because it would mean that many would suddenly have secure jobs with — cue the trumpets — employee benefits! They apparently didn’t realize that not everybody wanted such jobs; that some valued the flexibility of working only when they wanted to. Perhaps they did not know many companies generally can’t offer such flexibility to employees who are entitled to all manner of benefits, from mandated breaks and a comfortable chair, to paid sick leave and health insurance. Which is why employers of hourly workers require regular shifts instead of saying, “Show up when you have a few minutes to spare.”

“The Politicization of the Post Office was Inevitable” – so explains Vincent Geloso.

Also writing on the U.S. post office is Eric Boehm.

David Henderson reviews some important principles of capital-gains taxation.

Juliette Sellgren talks with my Mercatus Center colleague Adam Thierer about innovation.