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Some Links

Summary:
In the Wall Street Journal, UCLA associate professor of medicine Joseph Ladapo writes sanely and humanely in opposition to the insane inhumanity of what he calls the “fear-fueled policy-making that has characterized the pandemic.” A slice: The collective goal of this new phase should be to avoid repeating the mistakes of the past. When faced in March with the choice between imposing limited shutdowns to buy hospitals time and increase capacity, and enormous, indefinite shutdowns that ignored societal and economic costs, most political leaders chose the latter. When faced in May and June with the choice between embracing policies that balanced Covid-19 prevention with the activities that give life meaning and policies that sowed distrust and stirred fierce passions over civil

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In the Wall Street Journal, UCLA associate professor of medicine Joseph Ladapo writes sanely and humanely in opposition to the insane inhumanity of what he calls the “fear-fueled policy-making that has characterized the pandemic.” A slice:

The collective goal of this new phase should be to avoid repeating the mistakes of the past. When faced in March with the choice between imposing limited shutdowns to buy hospitals time and increase capacity, and enormous, indefinite shutdowns that ignored societal and economic costs, most political leaders chose the latter. When faced in May and June with the choice between embracing policies that balanced Covid-19 prevention with the activities that give life meaning and policies that sowed distrust and stirred fierce passions over civil liberties, most political leaders chose the latter. We have the opportunity to choose differently this time.

I look forward to reading the papers in the Cato Institute’s new project “Pandemics and Policy.

My intrepid Mercatus Center colleague Veronique de Rugy pulls back the curtain on the deceitful attempt to use national-security concerns to justify the operation of that great geyser of cronyism, the U.S. Export-Import Bank.

Joakim Book busts the “spare-capacity fallacy” – a notion pushed by Keynesians and some ‘heterodox’ economists.

Pierre Lemieux exposes yet another instance of protectionists’ wacky (il)logic.

Thank goodness for even tiny victories: The Trump administration, as Eric Boehm explains, has withdrawn its threat to impose new tariffs on aluminum imports from Canada Americans’ purchases of aluminum made in Canada.

Scott Lincicome reports on the “China Shock” that helped U.S. higher education.

Here’s the second in my Mercatus Center colleague Dan Griswold’s series exposing common fallacies about free trade.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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