In the previous post on lockdowns (July 25th), I made the ethical/moral argument against lockdowns. In this part, I make the economic argument against lockdowns.
The economy is a complex set of interlocking activities undertaken by an arbitrarily large collection of individuals and collectives attempting to achieve their self-selected ends as best as they can given the limited means at their disposal and their imperfect understanding of how to realize those ends. Continue reading “Lockdowns – Part 2”
“Among the calamities of war may be jointly numbered the diminution of the love of truth, by the falsehoods which interest dictates and credulity encourages.” That’s a truth that Samuel Johnson (1709 – 1784) — the great English poet, playwright, essayist, moralist, critic, biographer, editor and lexicographer — appears to have articulated long ago.