Tag: reopening economy

Economist Donald J. Boudreaux joined host Ben Domenech to discuss the long-lasting economic impact of the government shutdown. Boudreaux is a Professor of Economics at George Washington University, and serves as a Senior Fellow at the Mercatus Center and The Fund for American Studies.

Boudreaux wrote an article earlier this week titled “Who is Making Decisions About Our Lives?” in which he outlined the limited knowledge American leaders have. The American people also don’t understand, he argued, the government’s decision to have the Federal Reserve print money doesn’t create actual wealth in the form of any goods and services.

Jeffrey Singer joined host Ben Domenech to discuss the ways in which to treat COVID-19 based on his own experience as a general surgeon and Senior Fellow at Cato Institute. Singer discusses how hospitals, schools, and American leaders are calculating risk in their response to the Wuhan virus.

Singer’s hospital has delayed all elective procedures due to COVID-19, which includes any surgery for which the patient can choose the date. Singer argued that the system of power, in which the governor can dictate when the economy can reopen, has created imbalanced incentives. The person in charge will always be more cautious than they need to be to avoid criticism later on, which Singer said can hurt people.