It’s Impossible for Any Country to Be the Low-Cost Producer of All Outputs

(Don Boudreaux) Tweet Here’s a letter to a sympathetic correspondent. I apologize for its wonkiness. Mr. W__: Thanks for your e-mail. In response to my piece on microchips and potato chips , you ask “But what happens when they [foreigners] not only make [micro]chips cheaper than we can but also make potato chips and everything else cheaper than we do?” The answer to your question is indisputable: The outcome you describe is, because of the principle of comparative advantage, impossible.

Source: It’s Impossible for Any Country to Be the Low-Cost Producer of All Outputs

The Great Barrington Declaration

The Great Barrington Declaration – As infectious disease epidemiologists and public health scientists we have grave concerns about the damaging physical and mental health impacts of the prevailing COVID-19 policies, and recommend an approach we call Focused Protection. 

Coming from both the left and right, and around the world, we have devoted our careers to protecting people. Current lockdown policies are producing devastating effects on short and long-term public health. The results (to name a few) include lower childhood vaccination rates, worsening cardiovascular disease outcomes, fewer cancer screenings and deteriorating mental health – leading to greater excess mortality in years to come, with the working class and younger members of society carrying the heaviest burden. Keeping students out of school is a grave injustice. 

Keeping these measures in place until a vaccine is available will cause irreparable damage, with the underprivileged disproportionately harmed.