New Jersey Council for Economic Education |

23 Mar More on How Globalization Makes Us Healthier

Posted at 09:36h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetIn my latest column for AIER, I go into more depth on why it’s utterly misguided to conclude from the COVID-19 pandemic that Americans should reject globalization. A slice: First, to be useful, creative capacity must be tapped. By making more abundant in America...

23 Mar Is there a better alternative to lockdowns?

Posted at 09:36h in Voluntary Exchange Sources by one80Admin

In the effort to contain Coronavirus, Italy has chosen a policy of lockdown. Some people have commented that the Italian strain is considerably milder than the Chinese one. Comparisons are seen as fit, because Italy is roughly the same size, population way, of Hubei, the...

23 Mar The Fed is not asleep — open season on asset purchases and more

Posted at 09:35h in Voluntary Exchange Sources by one80Admin

Here is the press release. And: In addition to the steps above, the Federal Reserve expects to announce soon the establishment of a Main Street Business Lending Program to support lending to eligible small-and-medium sized businesses, complementing efforts by the SBA. Are those last five words Straussian...

23 Mar Coronavirus and Market Resilience

Posted at 09:33h in Voluntary Exchange Sources by one80Admin

Chris Edwards The spread of COVID-19 is starting to clobber the U.S. economy as businesses close and unemployment rises. Just about every country is feeling the pain, including China which was hit first by the virus. A Wall Street Journal news article by Lingling Wei plays up...

22 Mar The fruits of nationalism

Posted at 17:31h in Voluntary Exchange Sources by one80Admin

Bloomberg has an article discussing a US planning session for a global pandemic, which took place in 2019: Last October, about 50 national security experts gathered in Washington to role-play a global response to a frightening scenario: a pandemic sparked by a mysterious new coronavirus ravages...

22 Mar Pittsburgh Tribune-Review: “The market’s bounty”

Posted at 17:30h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetIn my column for the November 26th, 2008, edition of the Pittsburgh Tribune-Review, I celebrated the market’s astonishing bounty – and lamented the fact that the market generally works so smoothly at delivering this bounty that few people ever notice the awesomeness of...

22 Mar Globalization Does Not Increase Pandemic Risk

Posted at 17:29h in Voluntary Exchange Sources by one80Admin

The coronavirus outbreak has sparked concerns that the occasion will fuel the ongoing backlash against open trade and borders. Nativists, protectionists and extremists on all sides of the political spectrum have already joined the bandwagon. To be sure, these critics would have jumped on any...

22 Mar Coronavirus and Economic Crisis (Video)

Posted at 17:28h in Voluntary Exchange Sources by one80Admin

In a shockingly short period of time, life in the US went from normal and happy to uncertain and essentially terrifying. The economic impact of both the virus and the policy response to the virus is without precedent. This video explores the unfolding of events,...

22 Mar Wealth, Health, and Globalization

Posted at 09:55h in Voluntary Exchange Sources by one80Admin

(Don Boudreaux) TweetIn my latest column for the Pittsburgh Tribune-Review I push back against those who interpret the COVID-19 pandemic – whose severity is undoubtable – as a reason to reject free trade and globalization. A slice: Here’s a partial list of medicines, medical treatments and...

22 Mar Panic Has Led to Government “Cures” That Are Worse than the Disease, History Shows

Posted at 09:55h in Voluntary Exchange Sources by one80Admin

Anyone who’s seen the John Hughes movie Ferris Beller’s Day Off probably remembers the scene where Ferris’s economics teacher (Ben Stein) explains the Smoot-Hawley Tariff Act to a roomful of bored, sleeping students. The scene is brilliant for many reasons, perhaps most so because...

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