Economics

Economics articles featuring analysis of the global censorship industrial complex, impacts on public health, free trade, liberty, and policy.

All Brownstone Institute economics articles are translated into multiple languages.

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tyranny

The Truth About Tyranny

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Any regime that wants to stay in power needs to know this secret to hegemony: the desire to cleanse society of the enemy is what compels compliance. Every tyranny in history has depended on recruits to its own ranks from within the culture. They believe the lie knowing full well that it is a lie. The lie allows them to participate in the purge. They become the willing executioners. It’s been true throughout history, regardless of the particular and shifting desiderata of the despotism of the moment. 

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How Close Is Total Social and Economic Collapse?

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How does all this end? It doesn’t end. History rolls forward in the current direction of decline so long as no one is there to stand athwart it and yell stop and reverse course. How bad must it get before human rationality and reason take over from political egos and careerist duplicity? We are going to find out in the next 12 months. It’s going to be a very long winter, as two weeks to flatten the curve gradually and painfully turns into three years of remarkable and wholly preventable wreckage. 

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The Madness of Crowds: Podcast with Gigi Foster

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Gigi Foster, professor of economics at the University of New South Wales, is author of The Great Covid Panic (Brownstone, 2012). She has been granting interviews all over Australia and New Zealand, in addition to other countries around the world. You can hear her views in this fascinating podcast.

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The Fight for Civilization: Two Interviews with Jeffrey Tucker

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SHARE | PRINT | EMAILTwo lengthy interviews with Brownstone founder and president are now online. The first is with the Bill Walton show, and the second is with journalist and author Robin Koerner. Excerpts from the above: “We’ve dealt with pandemics in the past. In the modern age and the 20th

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Is This Becoming a General Strike?

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We had better hope and pray that the anger against the government and the ruling class does not ultimately turn against the free economy itself. In order for that not to happen, the intellectual opposition to the current regime needs to get its thinking straight, give up its old habits, see the current struggle for what it is, and start celebrating the freedom of everyone. 

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Labor Markets: Bruised, Battered, and Broken by Lockdowns and Mandates

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It’s tremendously sad to see a whole nation slip so far so fast into decline, as evidenced by the latest labor-market data that has profoundly impacted the most vulnerable. It is easily reversible but we seem to lack the wisdom and courage that would be required to turn this around. 

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Biden’s Vaccination Mandate: Where Are the Regulations?

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It’s true that Biden does not have the power to impose that directly but he might have the power to order a regulatory body under his authority to write rules that amount to the same thing. And even if the regulatory agency never gets around to it, the perception that the order is real and enforceable is enough to cause the outcome he desires. 

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These Travel Restrictions Must End 

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International tourist arrivals are down by 85% from 2019. A third of the world’s borders are shut. There seems to be no movement in the direction of reversing this disaster and reinstituting the wonderful world of 2019. In fact, there seems to be very little awareness that this has happened to us much less of the terrible consequences. Forget the freedom of movement; the Biden administration has only promised to open up “when it is safe to do so.” 

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Lies and Tricks, Dressed Up as Science

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The epidemiologists asked to advise governments almost invariably admitted that what they were advocating was only based on their projections of Covid cases and Covid deaths, devoid of any analysis of the effects these actions would have on public health, the economy, education and other important aspects of life. They nonetheless had no problem advocating lockdowns and other draconian measures.

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