It turns out there are unintended consequences of throwing dollars through programs with different aims simultaneously. In the wake of the government’s response to COVID-19, more generous benefits for unemployment insurance and the small business‐focused Paycheck Protection Program are coming into conflict.
At the stroke of a pen, federal regulations nullify the experimentation, dynamism, and speed that America’s private sector can mobilize to solve problems.
COVID-19 presents an opportunity for the public and policymakers to reevaluate what is important. We should strive for an accurate perception of threats to our health and safety, and aim to ensure that resources are being directed where they are most needed.
Missouri wants to sue China over its role in the COVID-19 pandemic, recalling the old H.L. Mencken quote about how for each problem there is a solution that is neat, plausible, and wrong.