The new government powers sold as “temporary” and “emergency measures” are likely to endure long after the end of the current crisis. Politicians and pundits will insist “we” need these powers to be permanent so that governments can address future crises by centrally planning the production and the use of resources. From the 2020 Supporters Summit, presented at the historic Jekyll Island Club Resort on Jekyll Island, Georgia, on 9 October 2020.
See also Peter Klein’s March 2020 Power & Market post, “Coronacrisis and Leviathan“.
The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org