‘We’re all socialists now, at least while the COVID-19 crisis lasts’..

Well, the debate’s out there now, thanks to Trump. Will the “cure” — shuttering the economy — be worse than the disease, COVID-19? Turns out it’s an old debate in new garb.

For example, a Canadian economist once claimed that smoking is an economic boon because early cancer deaths reduce overall medical costs. It’s arisen now because most governments have reflexively (and IMO surprisingly) chosen to prioritize saving lives “at the cost” of stifling the economy.

Let me propose another way of viewing this grisly “debate.” Does the economy exist to serve people or vice versa?


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