Many argue that unregulated markets would fail due to lack of consumer knowledge, or information asymmetry. But competition in free markets actually gives rise to all kinds of mechanisms that help consumers make informed decisions. This is as true of medical tests for any other good.
The fight against COVID-19 would benefit from a comprehensive deregulation of the market for testing. A brief look at India shows the damaging roadblocks to solutions that regulations impose.
Dr. Anupam Singh discusses the surprising aspects of the pandemic in the Indian subcontinent.
Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.
Regardless of government actions, many consumers, workers, and producers may seek changes that reduce exposure to disease in the workplace. The best way to do this is through markets.
Although it may seem as if landlord simply collect money from tenants without working, nothing could be further from the truth. Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup their money for some time. In the creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.
Readers of a certain age may remember the hysteria that surrounded AIDS for a period of the 1980s. Anthony Fauci was a central player in that, too.
