Tradeoffs Are Omnipresent, Even With Covid David Henderson By David Henderson, Jan 30 2023 SHARE POST: My findings show that for-profit nursing homes had less restrictive isolation measures during the pandemic than did not-for-profit nursing homes and that the increase in non-COVID deaths caused by more restrictive isolation measures outweighed the decrease in COVID-19 deaths associated with these measures. Thus, I find that for-profit nursing homes had fewer total deaths than not-for-profit nursing homes during the pandemic. Furthermore, decisions over isolation measures were affected by factors unrelated to the health of residents, such as incentives associated with different ownership structures. This is from Victor Melo, “Understanding Nonprofit and Government Ownership: Evidence from Nursing Homes in the Covid-19 Pandemic,” Mercatus Center, January 25, 2023. From the start, many of us who were skeptical of, or even opponents of, government lockdowns pointed out that advocates of lockdowns often ignored tradeoffs. This paper doesn’t address lockdowns per se, but does point out the tradeoffs. Deaths from non-Covid causes matter too. Interestingly, Melo doesn’t look at the effects of Governors Cuomo (New York), Wolf (Pennsylvania), Whitmer (Michigan), and Murphy (New Jersey) requiring nursing homes to accept people carrying Covid. It’s possible that he didn’t have the data to do so. RELATED CONTENT By Aris Trantidis Liberty in the Wake of Coronavirus Never before has 'freedom from' so worryingly related to 'freedom to.' Nearly three billion people currently live under lockdowns enacted by governments. In these uncertain times, most of us remain confined to our homes and accept these unprecedented restrictions as a temporary but necessary sacrifice in the fight against a deadly virus. We understand that lockdowns are part of a short-lived trade-off between liberty and safety. But how comfortable are we with the idea that this state of emergen... Read This Article
RELATED CONTENT By Aris Trantidis Liberty in the Wake of Coronavirus Never before has 'freedom from' so worryingly related to 'freedom to.' Nearly three billion people currently live under lockdowns enacted by governments. In these uncertain times, most of us remain confined to our homes and accept these unprecedented restrictions as a temporary but necessary sacrifice in the fight against a deadly virus. We understand that lockdowns are part of a short-lived trade-off between liberty and safety. But how comfortable are we with the idea that this state of emergen... Read This Article
Jan 30 2023 Free Markets What if new housing does not reduce housing prices... Scott Sumner Almost all economists believe that a policy change that encourages the building of more housing will tend to reduce housing prices. That's what the laws of supply and demand seem to predict. There are empirical studies supporting this claim. And yet, according to Bloomberg many people do not seem to accept the ob... 25 Read More
Jan 30 2023 Political Economy Political Mythology at the California Bar Pierre Lemieux It is not surprising that the state, with its vast and expanding surveillance and police power, requires a mythology, literally. In democratic states and even in “constitutional democracies” that are more democratic than constitutional, a pillar of this mythology is “the will of the people.” It was just invoked... 46 Read More
Jan 30 2023 Business Economics Tradeoffs Are Omnipresent, Even With Covid David Henderson My findings show that for-profit nursing homes had less restrictive isolation measures during the pandemic than did not-for-profit nursing homes and that the increase in non-COVID deaths caused by more restrictive isolation measures outweighed the decrease in COVID-19 deaths associated with these measures... 7 Read More