Brownstone Journal

Articles, News, Research, and Commentary on public health, science, economics, & social theory

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Real Personal Income Down 20% from One Year Ago

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Neither the American economy nor economists’ models are built to handle fluctuations of such gigantic magnitudes. Accordingly, the American economy is now flying blind into a direction which includes soaring inflation and an abrupt reversal of the massive monetary and fiscal stimulus that drastically distorted economic activity during the past two years.

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Back to the Sedition Act of 1798

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No authority can substitute for the activity, creativity, and adaptability of the human mind. We need systems that celebrate that, and not attempt surreptitious methods for imposing Orwellian-style thought control. Ideas are more powerful than armies, and the urge to censor is an implicit recognition of that. Still, it didn’t work in 1798 and it surely cannot work in 2020.

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The Battle for Control of Your Mind

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These new digital surveillance and control mechanisms will be no less oppressive for being virtual rather than physical. Contact tracing apps, for example, have proliferated with at least 120 different apps in used in 71 different states, and 60 other digital contact-tracing measures have been used across 38 countries. There is currently no evidence that contact tracing apps or other methods of digital surveillance have helped to slow the spread of covid; but as with so many of our pandemic policies, this does not seem to have deterred their use.

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Two Weeks to Flatten the GDP 

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Governments in the US crushed market functioning in the name of virus control, and all the rest fell into place after: the spending, the debt, the monetary floods, the panicked purging of the labor force of the noncompliant, the wrecking of trade networks, driving people out of work, ruining businesses, low growth, and all the rest. 

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Fear and Loathing of the Unvaccinated Gets Another Boost

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The much publicized CMAJ simulation study is based on assumptions which are known to be flawed. The conclusions may be true in an alternate world where immunity from natural exposure is poor, and Covid-19 vaccine have high efficacy which does not wane; but they certainly do not hold in the real world.

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The Next Ten Battles

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Finally we come to the biggest problem of all. What kind of society do we want to live in and build? Is it based on the presumption that freedom belongs to all and is the best path for progress and good lives? Or do we want the rights of the people always to defer to the mandarins in the walled-off bureaucracies who give orders and expect only compliance and no challenge to their rule? 

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