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It is a safe bet that the pandemic will produce a decline in gross domestic product and unemployment rates at a level not seen since the Great Depression.

The economy is not a machine that can be turned on or off. It is not as if President Trump, nor even Dr. Anthony Fauci, can declare, “OK, on May 17, it’s all over—everyone go back to work.” Rather, an economy is networks of relationships.

The cold, hard fact is that putting a value on human life is unavoidable.

The economic notion of compensating-wage distinctions goes back to Adam Smith, who stated the “wages of labour vary with the ease or hardship, the cleanliness or dirtiness … of the employment.”

Discussions of what constitutes a just price go all the way back to the ancient Greeks.

We propose $1 trillion of new debt be specifically issued as Corona Bonds. The bonds should be long term and be backed by a small surtax on current federal income taxes earmarked for their repayment.

How should BLS count the servers or hair stylists who did not work because of COVID-19 workplace closures? Technically, they ought to be counted as laid-off and unemployed. But apparently this isn’t happening.

Marginal analysis is a cornerstone of economic reasoning. It’s the simple notion that the incremental value of a variable is what matters, not its total or average value.

It is time to end qualified immunity, the judicial policy that shields police officers from the legal consequences of violating the constitutional rights of citizens.

One overwhelming statistical fact is that deaths attributable to the COVID-19 virus are age-related.

The Fed has overstepped its bounds and embarked upon a form of market socialism that is detrimental to the long-run health of the economy

On July 1, Beijing unilaterally imposed new rules that allow it to quash dissent in Hong Kong as the government does elsewhere in China.

Eliminating federal assistance leaves the involuntarily unemployed reliant on state programs, which provide an average of only $350 a week. Who wants to see millions of Americans stuck in such dire financial straits?

We did NOT suffer a shrinkage in GDP of 32.9% between the first and second quarters of 2020—more like a 9.5% shrinkage.

The Hong Kong freedom movement deserves our support and sympathy.

Our classes will combine in-classroom student interaction with major online components.

Few fallacies are repeated more often than the myth that massive government stimulus packages are necessary to sustain the economy during a recession.