There Ain’t No Such Thing As A Free Borrowed Lunch
(Don Boudreaux) TweetHere’s an e-mail to my friend John Tamny: John: While there’s much to admire in your essay “Socialism, Not Debt, Causes Economic Collapse,” you dismiss too quickly the possibility of government debt being monetized and, hence, fueling inflation – as well as dismiss too quickly the findings of Carmen Reinhart and Ken Rogoff. In addition, you miss at least two other foundational objections to deficit...
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(Don Boudreaux) TweetThe latest post by Swedish physician Sebastian Rushworth on Covid-19 and humanity’s deranged reaction to it is a must-read. A slice: Now, I don’t want to give the impression that the Emergency Room was being overwhelmed, because that would be false. I went from seeing eight or more patients per shift to seeing two or three. While a very large proportion of the patients were covid positive, there were in...
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(Don Boudreaux) TweetMy intrepid Mercatus Center colleague Veronique de Rugy rightly decries the fiscal insanity associated with Covid-19 derangement – and gives us yet further reason to recognize the sheer folly of trusting politicians with the powers that so many politicians worldwide have exercised under the excuse of fighting Covid.. A slice: Given that the priority of policy-makers should be dead-set on reopening our economy...
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(Don Boudreaux) TweetJeffrey Tucker mourns the passing of the great Wall Street Journal editor and columnist George Melloan. A slice: It didn’t surprise me at all that Melloan was an anti-lockdowner. He was an old-school liberal who believed “markets are like Mother Nature, not to be messed with.” He was a solid free trader (remember those?), a proponent of tax cuts and fiscal restraint, an advocate of sound money, and a...
