Racism: On the Bad and “Good” Kinds of Prejudicial Suspicion
For the guardians of political correctness, prejudicial suspicion is not bad in itself, so long as it is directed against the right groups. Moreover, the current hysteria about racism obscures the real problems—creating an obstacle for those who actually want to help.
The Bolivian Fairy Tale – The Illusory Success of “21st Century Socialism”
For years Bolivia was considered a successful example of the “Socialism of the 21st century”. An apparently booming economy blinded economists and politicians and obscured the view of a regime that was in reality authoritarian and corrupt.
Is the Pope Calling for a Universal Basic Income?
Pope Francis never called for a “universal basic income” as a new socio-political model. He asked for financial assistance for those on the margins who have been harmed by the quarantine. Even so, the idea of a “basic income” is only feasible, if at all, in a country with strong protection of property rights and a market economy.
For Eurozone Countries, the Problem Is Not So Much the Coronavirus, but Italy
The Italian people are hardworking, noble, and clever but held back by their own decadent institutions. With no end in sight, this mess hurts the entire European monetary union. It would be better for Italy and the other eurozone nations if Italy had an orderly departure from the euro.
What Comes after the Coronavirus Crisis – More Socialism or More Capitalism?
Statism is on the rise, despite the fact that western nations were ill-prepared for the Coronavirus pandemic. Old leftist demands are now given even more credence than usual. How can classical liberals and capitalists counter this statist impulse?
Rescuing Businesses during the Coronavirus Crisis Accelerates the Path to a State-Run Economy
The lockdown has accelerated the onset of the financial crisis. Global rescue programs are opening the door to a creeping nationalization. We now face the threat of the kinds of restrictions found in former planned economies.
The Coronavirus Crisis Shines Light on the Debt Spiral
The coronavirus crisis has exposed once again the fragility of our debt-based economic system. There are alternatives to this artificial system of the last 70 years. There are ways that we can better incentivize saving, which will create not only more productivity but more robustness.
The Political Management of the Coronavirus Crisis: The Potential Harm of Damage Compensation
We could be facing the biggest economic crisis of all time. Will politicians be able to learn the lessons from this and use the crisis as an opportunity for a new beginning in economic and public health policy?