From Independent Institute <[email protected]>
Subject The Lighthouse: Economy’s Resilience | Corporations and Democracy | Digital Privacy | Solutions for Pre-Existing Conditions | Hayek and Private Money
Date October 20, 2020 8:29 PM
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Pundits on both sides of the aisle have been too focused on the U.S. economy’s vulnerability and not focused enough on its resilience.
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October 22, 2020 | Weekly Newsletter

Resilient US Economy Has Overcome the COVID-19 Recession ([link removed])
By R. David Ranson (Hartford Courant, 10/11/20)
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Pundits on both sides of the aisle have been too focused on the U.S. economy’s vulnerability and not focused enough on its resilience. It’s clear from perhaps the nation’s most reliable short-term forecasting model that a surge of economic growth could soon make the COVID-19 recession history. READ MORE » ([link removed])

[link removed] Why a Pandemic Is Not a Recession ([link removed])
By R. David Ranson
Corporations Must Do Their Part to Preserve Democracy ([link removed])
By David J. Teece (The New York Times, 10/5/20)
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Under President Xi Jinping, the Chinese Communist Party has been building the technological prowess to coerce and conquer rival foreign companies, even when democracy stands in the way. Multinational corporations should continue to trade with China, but their board members and executive leaders must speak out, even if Chinese authorities respond by imposing short-term costs. READ MORE » ([link removed])

[link removed] China’s Great Migration How the Poor Built a Prosperous Nation ([link removed])
By Bradley M. Gardner
Proposition 24 Would Weaken Consumer Data Privacy ([link removed])
By Jonathan Hofer (The Orange County Register, 10/7/20)
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While not perfect, California’s privacy protections are among the best in the nation. A measure on the November ballot would create huge exemptions, weaken the “right to be forgotten” provision of the state’s 2018 privacy law, and create a $10 million-per-year state bureaucracy. READ MORE » ([link removed])

[link removed] American Surveillance Intelligence, Privacy, and the Fourth Amendment ([link removed])
By Anthony Gregory
Here Are Solutions for Pre-Existing Conditions ([link removed])
By John C. Goodman (Forbes, 9/30/20)
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People with a serious health problem often face worse options when they enter the individual insurance market than they did before Obamacare. To make things better for those with pre-existing conditions, Congress and the administration should make open enrollment continuous, allow health plans to specialize in chronic diseases, permit actuarilly fair premiums, let states impose a premium tax to fund high-cost patients, expand Health Savings Accounts for the chronically ill, and prevent health plans from dumping costs on each other. READ MORE » ([link removed])

[link removed] New Way to Care Social Protections that Put Families First ([link removed])
By John C. Goodman
Hayek’s Plan for Private Money ([link removed])
By Robert P. Murphy (Mises.org, 9/12/20)
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Nobel laureate economist F. A. Hayek argued that, if only government obstacles were removed, the free market would provide the optimal quantity and variety of monetary products. Whether sound or flawed, Hayek’s plan for private money is an outstanding example of a bold policy idea that can sharpen one’s thinking. READ MORE » ([link removed])

[link removed] Choice Cooperation, Enterprise, and Human Action ([link removed])
By Robert P. Murphy
The Beacon: New Blog Posts
* Federal PPP Loans Put Corrupt Hands in the Till ([link removed]) , by Craig Eyermann
* Amy Coney Barrett Hearings: Grandstanding at Its Worse ([link removed]) , by William J. Watkins, Jr.
* COVID-19 and the Budget Deficit ([link removed]) , by Craig Eyermann
* Governor Newsom’s Call for Reparations Reveals Implicit Bias ([link removed]) , by K. Lloyd Billingsley
* Nancy Pelosi and the 25th Amendment ([link removed]) , by William J. Watkins, Jr.
* Pope Francis Misunderstands Markets, Squanders Moral Authority ([link removed]) , by K. Lloyd Billingsley

Catalyst: New Articles
* America’s Two Different Roads to Economic Recovery ([link removed]) , by Jon Miltimore
* Is Sprawl a Consumer Choice or a Government Mandate? ([link removed]) , by Scott Beyer
* Elon Musk on Lockdowns: ‘Sweden Was Right’ ([link removed]) , by Jon Miltimore
* Movies to Queue During the Supreme Court Ruckus ([link removed]) , by Samuel R. Staley


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