Index Investing News
Thursday, December 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Looking Back At COVID’s Authoritarian Regimes

by Index Investing News
March 15, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


After having moved from Canada to the United States, partly to be wealthier and partly to be freer (those two are connected, by the way), I was shocked, in March 2020, when President Trump and most US governors imposed heavy restrictions on people’s freedom. The purpose, said Trump and his COVID-19 advisers, was to “flatten the curve”: shut down people’s mobility for two weeks so that hospitals could catch up with the expected demand from COVID patients. In her book Silent Invasion, Dr. Deborah Birx, the coordinator of the White House Coronavirus Task Force, admitted that she was scrambling during those two weeks to come up with a reason to extend the lockdowns for much longer. As she put it, “I didn’t have the numbers in front of me yet to make the case for extending it longer, but I had two weeks to get them.” In short, she chose the goal and then tried to find the data to justify the goal. This, by the way, was from someone who, along with her task force colleague Dr. Anthony Fauci, kept talking about the importance of the scientific method. By the end of April 2020, the term “flatten the curve” had all but disappeared from public discussion.

Now that we are four years past that awful time, it makes sense to look back and see whether those heavy restrictions on the lives of people of all ages made sense. I’ll save you the suspense. They didn’t. The damage to the economy was huge. Remember that “the economy” is not a term used to describe a big machine; it’s a shorthand for the trillions of interactions among hundreds of millions of people. The lockdowns and the subsequent federal spending ballooned the budget deficit and consequent federal debt. The effect on children’s learning, not just in school but outside of school, was huge. These effects will be with us for a long time. It’s not as if there wasn’t another way to go. The people who came up with the idea of lockdowns did so on the basis of abstract models that had not been tested. They ignored a model of human behavior, which I’ll call Hayekian, that is tested every day.

These are the opening two paragraphs of my latest Defining Ideas article, “Looking Back at COVID’s Authoritarian Regimes,” Defining Ideas, March 14, 2024.

Another excerpt:

That wasn’t the only uncertainty. My daughter Karen lived in San Francisco and made her living teaching Pilates. San Francisco mayor London Breed shut down all the gyms, and so there went my daughter’s business. (The good news was that she quickly got online and shifted many of her clients to virtual Pilates. But that’s another story.) We tried to see her every six weeks or so, whether that meant our driving up to San Fran or her driving down to Monterey. But were we allowed to drive to see her? In that first month and a half, we simply didn’t know.

Read the whole thing, which is longer than usual.



Source link

Tags: AuthoritarianCovidsRegimes
ShareTweetShareShare
Previous Post

‘Love Lies Bleeding’ Delivers a Beautiful Love Story Rubbed in the Dirt

Next Post

Libitzky Property Cos. Lands $30M Refi for Phoenix Industrial Park

Related Posts

It’s A Google Drawback – The Large Image

It’s A Google Drawback – The Large Image

by Index Investing News
December 22, 2025
0

    So let’s say you wish to purchase a live performance ticket. You search in Google and also you...

Sam’s Hyperlinks: Vacation Version

Sam’s Hyperlinks: Vacation Version

by Index Investing News
December 14, 2025
0

Sam works on innovation coverage at Progress Eire, an unbiased coverage suppose tank in Dublin, and runs a publication referred...

No matter Occurred to NFTs?

No matter Occurred to NFTs?

by Index Investing News
December 10, 2025
0

    Final week’s Sturgeon’s Corollary generated a little bit of pushback. Probably the most related questions have been about...

Housing: Provide vs. Amount – Econlib

Housing: Provide vs. Amount – Econlib

by Index Investing News
December 6, 2025
0

If there’s one factor we are able to depend on in America, it’s that our elected officers will see an...

The Return of Cisco – The Massive Image

The Return of Cisco – The Massive Image

by Index Investing News
December 2, 2025
0

    I’ve by no means shared this story earlier than, however since we're at a milestone, I would as...

Next Post
Libitzky Property Cos. Lands M Refi for Phoenix Industrial Park

Libitzky Property Cos. Lands $30M Refi for Phoenix Industrial Park

In Europe, green policies rule while green politicians struggle

In Europe, green policies rule while green politicians struggle

RECOMMENDED

CREFC’s Lisa Pendergast on Fee Reduction

CREFC’s Lisa Pendergast on Fee Reduction

September 20, 2024
Big-Pharma kept quiet about cancer risks of Zantac for 40 years — Health & Wellness — Sott.net

Big-Pharma kept quiet about cancer risks of Zantac for 40 years — Health & Wellness — Sott.net

February 17, 2023
Analyst Predicts 25% Flash Crash For Dogecoin, Here Are The Targets

Analyst Predicts 25% Flash Crash For Dogecoin, Here Are The Targets

January 2, 2024
Germany’s alternative

Germany’s alternative

October 13, 2024
McCormick & Firm, Included (MKC) This fall 2024 Earnings Name Transcript

McCormick & Firm, Included (MKC) This fall 2024 Earnings Name Transcript

January 23, 2025
Taylor Swift says fans will reduce high egg prices. 3 things to know

Taylor Swift says fans will reduce high egg prices. 3 things to know

February 11, 2023
Nicolas Cage Urges Younger Actors To Defend Themselves From AI

Nicolas Cage Urges Younger Actors To Defend Themselves From AI

October 20, 2024
Apple, MLB deal reveals legacy shops nonetheless dominate stay TV

Apple, MLB deal reveals legacy shops nonetheless dominate stay TV

March 9, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In