Tag: ratchet effect
Are We Witnessing the Beginning of the Covid-19 Ratchet Effect?

Nearly 13 months after the first confirmed Covid-19 infection in the US, President Biden held a memorial as the country surpassed 500,000 deaths attributed to the pandemic. Mourning a great tragedy, President Biden noted these casualties surpass the lives lost during WWI, WWII, and the Vietnam War combined. While alarmingly high fatalities signify a...
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Why Do We Accept in Ourselves That Which We Condemn in Others?

There was a certain horrifying fascination to observe the speed and enthusiasm with which conservatives embraced the unprecedented growth of government power and size under George W. Bush in the aftermath of 9/11. A Crisis and Leviathan case study in the “ratchet-effect” of “crises”—documented brilliantly throughout by Bob Higgs and reprinted as our Resurgence...
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More Acclaim for Higgs: New York Times and Elsewhere

Articles acclaiming the devastating analysis by Independent Institute Senior Fellow Robert Higgs in showing why federal government controls and intervention have consistently been responsible for creating and deepening financial crises, including both the Great Depression and the current financial upheaval, continue to appear in an expanding number of major media outlets. The latest include...
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