On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of...
It is perfectly fine to be afraid that you or a loved one will catch a potentially life-threatening virus, and at the same time deride the government’s reaction, especially when it comes to shutting down a significant portion of the economy. That section consists of...
President Trump is convening with governors to reopen the economy, which will likely mean some sort of compulsory face mask order. Now is the time to seriously consider scrapping the patents on masks such as the N95. Government at all levels has severely overreacted...
Back on March 19th, 2020, I pointed to this piece by Pierre-Olivier Gourinchas at my blog – Coordination Problem — where he states very clearly the reality constraint in public policy deliberations in the current coronavirus crisis. Without committing one way or...
The Department of Defense inspector general has released a damning report on the DoD’s massive “JEDI” cloud computing project, exposing a revolving door between Amazon and the Pentagon. The DoD’s September 2017 announcement of JEDI (a catchy acronym for Joint...
Aside from a few hotspots like New York City or Detroit, hospitals across the country are at such low capacities that many are laying off staff and seeing their bottom lines threatened during the current coronavirus pandemic. For instance, in my home state of North...
An Associated Press article published a few days ago reported on disagreements among libertarians over what, if anything, the government may properly do about the coronavirus pandemic. My purpose here is not to comment on the quotes from the various libertarians. I...
It feels like it's been months, but it's only been a few weeks since the world's central banks started forcing down their key interest rates to historical lows around the world. In those places where rates weren't reduced, the central banks have adopted vast...
