Blog

Do Crises Foster Authoritarianism?

Times of uncertainty and fear often provide the opportunities for authoritarian governments to consolidate their powers. Reasonable people can disagree about whether particular emergency powers are worth the risks they entail, but we all should recognize the risks.

Blog

From Spirits to Sanitizer

Although the FDA and TTB have, correctly, relaxed the rules surrounding the production and distribution of hand sanitizer, private businesses should not have faced regulations discouraging them from increasing the supply of a vital public health resource.

Blog

Preventing Financial Bailouts Is Hard

It should have been obvious ex ante that failing institutions and their investors would manipulate the system to avoid the impact of the (well‐​intentioned) regulation that tried to outlaw bailouts.