Politicians and Talking Heads - BS or Real Stuff?

We can use the pandemic as a great teacher of economics. Around the world and within every country different approaches have been used to deal with the virus. This gives us an unique opportunity to examine the impact of government intervention on business.

Topic 1: What Happened?

• governments seek power and use fear and dependence to gain it
• government policy is double-entry bookkeeping: for every addition to government power has a corresponding reduction in individual freedom
• government views people in two groups - independent and dependent; take from the independent to give to dependent until there are more more horses in the wagon than pulling it
• in business there is no Pause in costs, just revenue