Major events always present occasions for confirmation bias. This pandemic is no different. Chinese Communist Party propagandist Dong Yuzhen concluded that "The advantages of the Chinese system have once again been demonstrated since the outbreak of the coronavirus." US Congresswoman Alexandra Ocasio-Cortez concluded that the pandemic showed that "we need both debt moratorium and universal basic income right now." And so should I, as a free-market liberal, conclude that the pandemic proves that we need freer markets?
It depends on the evidence. And for everyone, it should be an opportunity to think through what role governments should and shouldn’t play.
I’m […]
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