Dr. Philipp Bagus on the Political Economy of Mass Hysteria – InvestingsDontLie

0

by

InvestingsDontLie

Home / Top News / Dr. Philipp Bagus on the Political Economy of Mass Hysteria

30

Dr. Philipp Bagus on the Political Economy of Mass Hysteria

by

February 26, 2021

Normally we discuss books on The Human Action Podcast, but this new academic paper by Professor Philipp Bagus is too important to ignore. “COVID-19 and the Political Economy of Mass Hysteria” is the one journal article you need to read this year. In only about ten pages it makes the devastating case that perverse political incentives—along with a nexus of state-connected media and scientists—combine to create and amplify “public health” hysteria. Echoing Hoppe and public choice theory, Bagus explains how politicians enjoy asymmetric rewards for exaggerating risks and creating fear. The result is gross policy errors we will all pay for over many decades. Don’t miss this show!

Read Dr. Bagus’s paper at Mises.org/BagusPaper

And read Jeff Deist’s summary of the paper at Mises.org/DeistBagus

Find Deep Freeze: Iceland’s Economic Collapse online at Mises.org/DeepFreeze

Find The Tragedy of the Euro online at Mises.org/TragedyEuro

What's your reaction?

Post a Comment cancel reply

Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success, writes Ryan McMaken.See here, here, and here for more

Government likes to put out lots of data showing things like income and employment for huge numbers of people. The problem is, this tells us almost nothing about how real-life people are hurt or helped by government intervention, writes Gary

In recent years, some economists, contrary to long-established and widely-accepted economic theory, have been claiming that increases in the minimum wage do not increase unemployment. But both logic and the data say otherwise, writes Andrew Syrios.This audio Mises Daily is

The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy, writes Frank

Many have tried to create a division between "political freedom" and "economic freedom." But all freedoms ultimately depend on economic freedom, and our view of economic exchange dictates our view of politics, writes Patrick Barron.This audio Mises Daily is narrated

The new Netflix series Marco Polo might have descended into a forgettable story of palace intrigue, but it fortunately explores far more interesting themes of family, loyalty, and how the state demands everyone sell out his values a little more

We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit.This

Natural rights are fundamentally different from goods and services. Judge Napolitano explains in his new book how the acquisition of a mere service — security — cannot be based on the destruction of rights, which cannot be traded away, writes

Brazil's government has long been devoted to the idea that more government spending will create more economic prosperity. For a time, it seemed to work, but now reality and disillusionment have set in, writes Antony Mueller.This audio Mises Daily is

Thanks to the central bank, those who worked hard and "played by the rules" all their lives now face an uncertain future as inflation chips away at their savings and threatens their financial stability, writes Shawn Ritenour.This audio Mises Daily