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Donald J. Boudreaux

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Covid Is Not Categorically Different

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Since March, the coronavirus has been treated as if it is a danger categorically different from other dangers, including other viruses. But this treatment is deeply mistaken. The coronavirus is not a categorically different danger. It occupies a location on the same spectrum that features other viruses. Reasonable people can and do debate just where this location is – that is, how much more dangerous is the coronavirus than are ordinary flu viruses and other ‘novel’ viruses that plagued us in the past. But the coronavirus is well within the same category as other viruses.
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Past Crises Have Ratcheted Up Leviathan

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COVID-19 has plunged the United States into a national emergency. Initial applications for unemployment insurance benefits increased from 211,000 in the first week of March to 6.6 million in the first week of April, to another 5.2 million in the second week of April, and another 4.4 million last week. Real GDP fell by hundreds of billions in the first quarter, with further—and larger—declines sure to follow.
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