Saturday, August 07, 2021

Economic Theory: The Case Against Mandates

 It's economic theory, but there are costs associated  with everything.  What we choose or what we don't have costs associated with it.  Economists assume that government tries to makes rational decisions under conditions of uncertainty.

Ryan Bourne makes the argument that current mask mandates impose unacceptable costs today that they did not impose last year.

As soon as the Centers for Disease Control and Prevention (CDC) recommended that vaccinated individuals wear masks indoors in areas of “substantial or high” COVID-19 transmission, you knew the re-introduction of mask mandates in liberal cities was inevitable.

It is worth the read, and the argument is complicated, as most economic theory is.  But basically, now that the vaccines are widely available at very low cost, then those to remain un-vaccinated have made a rational decision and that the costs associated with that should not be borne by the general pubic at large.

You may not like economics, but economics reveals human behavior in many ways that other sciences don't.

4 comments:

Termite said...

I'll just leave this right here.

https://imgur.com/YYPmULn

robert orians said...

I guess the hired assassins at Menards will be chasing me through the store again . Sheeeeesh !

Anonymous said...

Let's try that theory with a couple of word substitutions.

Now that the "vaccines" (jobs) are widely available at very low cost, then those to remain "un-vaccinated" (out of work) have made a rational decision and that the costs associated with that should not be borne by the general pubic at large.

Old NFO said...

Couple this with the unconstitutional extension of the rent moratorium, and extending jobless benefits yet again, you get exactly what Anon is referencing... And this will depress the economy yet again as more people go on/stay on the free cheese...