I don’t think politicians relish closing down the economy, nor do I think they’ll be eager to do so in the future. For one thing, it’s contrary to their interests. They do what they do because when all you have is a blunt instrument, every problem looks like something that can only be solved with a blunt instrument.
The Praxeology of Conspiracies
The starting point of praxeology, i.e., the logic of human action, is a self-evident truth. As economist Ludwig von Mises noted, this truth is “the cognition of the fact that there is such a thing as consciously aiming at ends.” Praxeology describes the invariant...
