How would the free market have handled a respiratory illness? After a year of evidence, including my personal experience with the illness, we discuss the effectiveness of individual and public health precautions and interventions.
We examine the difference in approach through the lens of Mises’ calculation problem. What economic problems face public health authorities, and what would we have done without them?
We are also re-joined by Philipp Bagus, who has just published a paper on the political economy of mass hysteria.