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The Jackboots Of The Virus Patrol

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Say what? It seems that the mainstream politicians and commentariat have gone so far off the deep-end on the Covid-19 that it takes a pair of socialists from south of the border to clear the air. That’s right. We are referring to Mr .Lopez-Gatell, Mexico’s minister of health and pedigreed PhD epidemiologist from John-Hopkins and his boss, President Obrador, a true blue socialist that the Bernie Bros would wet their cargo pants over. ALMO, as they call the latter, is not drinking the Covid Cool-Aid. His flagrant rebuke of the Yankee virus patrol has left the US left-wing media sputtering (e.g. Slate: “ALMO goes off the Rails”), suggesting that he is wallowing in self-doubt because his poll ratings have dropped from spectacular to very strong, and that in the process he is dangerously undermining his allegedly more sensible health minister. Not so fast, however. While Lopez-Gatell has called for social distancing and other sensible measure, Mexico has not gone into anything like Lockdown ...

Economic Impossibilities

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Just as certain things are impossible in mathematics, accounting, chemistry, and physics, so also in economics. Adding two even numbers together can never result in an odd number. Assets cannot but equal liabilities plus equities. Oil and water do not mix. Atmospheric pressure does not increase with an increase in height. When the price of a good rises, the amount demanded of the good will not rise. Another impossibility in economics is a seller’s overcharging or ripping off a buyer by means of price gouging. Yet there is a tremendous amount of resistance to such a statement — especially in my state of Florida. I have seen a number of hurricanes threaten the Florida coast or make landfall during my many years of living in Florida. Without fail, hundreds of cases of price gouging of water, ice, plywood, gasoline, and batteries are reported to the Florida Attorney General’s office when a hurricane approaches the state or after it comes ashore. The coronavirus pandemic ...

Will there Be Tyranny in the Post-Coronavirus World?

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The coronavirus crisis will be considered one of the most important global events of the early decades of the 21st century. Like a pebble that is dropped in a pond of water from which a series of waves are sent out across its surface, the virus has created waves of hundreds of thousands of human victims in countries all around the world from its originating epicenter in Wuhan, China. Among the questions facing the United States is not only how to immediately deal with this tragic pandemic, but what lessons should be learned from it concerning the future role of government in society and the types of economic policies that should be extended or introduced. The editorial board of The New York Times (April 9, 2020) has proposed an expansive agenda, in what they say is “The America We Need.” The Times editorial board declares that there is “need for new ideas, and the revival of older ideas ...