Showing posts with label Robert Higgs. Show all posts
Showing posts with label Robert Higgs. Show all posts

Monday, June 29, 2020

Lockdowns and libertarianism (2):
Crisis and ideology

by George J. Dance

As regular blog readers have no doubt noticed, since April I have given increasing space to the COVID-19 pandemic and the unprecedented government interventions (the lockdowns and business shutdowns) that accompanied it. I hope readers have enjoyed that because, whether you have or not, I expect it to continue. As I see it, we are living through another one of those pivotal crises  – like the two World Wars, the Depression, and the War on Terrorism  – that have defined modern history.

As a libertarian, I bring my ideological bias to the table. In this case, I have been informed by the work of economist Robert Higgs, whose masterwork Crisis and Leviathan documented well how governments (1) have a systemic bias towards increasing power; (2) use crises to vastly expand their power; and (3) retain much of their new power after a crisis is past. (Dr. Higgs explains his thesis at greater length in the accompanying video.) My bias obviously affects what material I forward, and I cannot pretend that it is non-existent. What I can and will do is admit that my bias can be wrong, and let it be challenged by empirical evidence.

At the same time, I can evaluate others' ideological biases the same way. In the mainstream media, I continually encounter a statist or pro-government bias: that "When public safety is threatened, whether by war or disease, our dependence on government becomes immediately and viscerally obvious"; that ""government has the power and resources to internalize the externalities of contagion and coordinate a rational response;" and that in March "a large and activist government was all that stood between us and mass privation and suffering on a mind-boggling scale" (as a Niskanen Center article recently summed up).

In early March, when no one knew much about the novel coronavirus, it was easy to believe that millions of us were going to die, and that only unprecedented, massive government intervention could save us from untold death and suffering. It was a mass panic reaction, but panic in a crisis is understandable and excusable. However, governance should not be informed by panic alone. Not only libertarian ideological biases, but the prevailing statist ones as well, should be challengeable by the evidence.

How dangerous the virus is, is an empirical question, one that depends on objective facts about the attack rate (how many people in a population are at risk) and the infection fatality rate (how many people who catch it will die). We had no way of knowing either in March, but there has been a surfeit of data in the succeeding three months. There is good reason to think that the "millions of deaths" claim was hyperbole. Nor can we rely on models that simply assume that lethality: we need at least a reasonable, fact-based estimate of the worst possible case, of how many people could possibly have been in danger.

Whether government interventions averted this mass death, or any death (on net), is also an empirical claim. It requires accurate death counts, and comparing them to the policies in place. It also requires causally linking specific deaths to specific interventions. (For instance, did stay-at-home orders increase infections within households more or less than they lowered them in the workplace?)

Finally, we need to measure the effects of voluntary social distancing. Hitherto, government's scientific advisers have often assumed the effect of voluntary social distancing to be zero. However, some of those advisers have begun noticing the phenomenon, if only to blame it for the recession that followed the lockdown.

I would like to discover that voluntary social distancing (combined with a use of government's police power consistent with libertarian principles) would have been enough to reduce most of the disease's harm, while avoiding the long-term harms that the government interventions have caused. That is my null hypothesis, which I think is supportable iff it cannot be overthrown. Hence my preoccupation with the subject in future months. While conclusions reached may be too late for this pandemic, I cling to the hope that what we learn this time will inform our response to the next one.


Wednesday, December 21, 2016

Free markets and the spirit of giving

Richmond County Daily Journal | Free markets and the spirit of giving - Robert Higgs:

December 20, 2016 - "Christmas will soon be here, and preparations for this holiday are proceeding apace.... Notice how much effort and expense are going into giving to and bringing joy to others. Notice, too, how much of the spending people do during this season would be impossible except for the affluence made possible by the remaining elements of the market society that the government, to date, has failed to destroy completely.

"The free-market society is often criticized or condemned root and branch for its alleged dependence on the unsavory human trait of greed ... but self-interest is quite different from greed and indeed often consists of the very opposite. People in general have an interest in, for example, earning more income, and a major reason for this desire is that they wish to have the wherewithal to give to or take care of others more effectively — their own families first of all in most cases, but hardly their own families exclusively....

"The amounts of money, time, and effort that people devote to making others happier or better off — amounts vividly on display during the holiday season — belie the slander of a free market’s dependence on greed. But such transfers also occur throughout the year and amount to an enormous proportion of all the uses to which people in free-market societies put their wealth.

"In contrast, the alleged compassion and caring for the unfortunate that many have supposed support socialism are scarcely to be seen.... [S]ocialism does not so much eliminate the greed that exists in a population as it alters the forms in which the greed can be directed and expressed.... Leaders of socialist societies have a habit of living lavishly amid the squalor of the system they control and despoil — Mao, Castro, and Chavez provide ready examples. Ordinary people in socialist societies, being deprived of free-market outlets for the pursuit of their self-interest must instead strive to better themselves and those for whom they care by struggling for political power....

"So, at this time of the year, let us remind ourselves not only of the love and compassion that Christmas calls forth, but also of the systemic economic underpinnings that permit people to express their love and compassion so effectively. The love of family, friends, and others is the greatest blessing, but the opportunity to live in a free-market society — even one as hogtied as ours — is also a great blessing."

Read more: https://yourdailyjournal.com/opinion/columns/57390/free-markets-and-the-spirit-of-giving
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Sunday, August 16, 2015

New book from Independent Institute's Higgs

Taking a Stand: Reflections on Life, Liberty, and the Economy - The Independent Institute:

July 28, 2015 - "Renowned economist and historian Robert Higgs has pioneered a whole new understanding of the causes, means, and effects of government power and the need to deconstruct statism and re-establish institutions that protect and advance liberty, prosperity, and peace.

"In the course of his work, he has completed seminal work on such issues as health care, the environment, law and economics, urban development, race discrimination, agriculture, immigration, war and peace, economic development, government spending and debt, welfare, money and banking, presidential power, civil liberties, the Great Depression, science, unemployment, and far more.

"Now Taking a Stand offers the grand opportunity to make his vast insights available to general readers by combining his keen analysis with his engaging wit, humility and compassion in order to charm, educate and inspire people on the moral and practical imperative of individual liberty, entrepreneurship and innovation, peace, economic growth, personal responsibility, civic virtue, and the rule of law....

"Higgs may be the most outspoken scholar on the most pivotal development of our time: the growth of the state and the eclipse of individual liberty. Long known for his work on how national emergencies fueled the growth of American government and how the threat of state aggression can prolong economic stagnation, Higgs is equally insightful on the defects of Western democracy, the insidiousness of the welfare-warfare state, the mythmaking of political elites and entrenched bureaucrats, and the quirks and quacks of academia.

"These strengths are on full display in Taking a Stand: Reflections on Life, Liberty, and the Economy, a collection of ninety-nine shorter pieces Higgs has written for the most part for The Beacon and The Independent Review over the past several years. Together, they show the depth and breadth of a writer who possesses both mastery over his subject matter and an uncanny knack for turning a phrase....

"Taking a Stand is Higgs’s most diverse and most personal book yet—and perhaps his most compulsively readable. The book delves into topics as far afield as the hypocrisy of America’s political establishment, the hidden causes of the U.S. economy’s post-2009 malaise, the challenges facing liberty’s advocates, Higgs’s own personal and professional heroes, and even his journey from the muddy economic mainstream to the clear waters of Austrian economics (written in hilarious verse, no less)."

Read more: http://www.independent.org/store/book.asp?id=115&s=hp1#t-0
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