Yes, the COVID-19 Panic Does Call for Drastic Measures

Photo by cottonbro from Pexels
Photo by cottonbro from Pexels

As an old saying goes, it’s not the fall that kills you, it’s the sudden stop at the end.

The world’s politicians are innovating on the fly (pun intended) by trying to combine the fall — the COVID-19 epidemic — with the sudden stop, bringing life and commerce to a halt through draconian travel restrictions, business closures, etc.

We don’t yet know what the COVID-19 death toll is going to be. In the US,  based on current numbers, it looks like we’re going to see quite a few more deaths than occurred in the 9/11 attacks, more even than from the usual seasonal flu, but not nearly as many as predicted by the “I know the word exponential! I know how to draw a hockey stick on graph paper! Quick, hide under the bed, or COVID-19 WILL GIT YEWWW!” social media crowd.

What we’ve not yet seen is anything remotely justifying the declarations of dictatorship coming from politicians at all levels of government.

Everyone from mayors to governors to the president himself is getting in on the act, claiming authority to shut down businesses the politician doesn’t consider “essential” — and at the federal level to centrally plan and manage those businesses’ operations — to clear the streets of anyone and everyone whose activities the politician hasn’t listed as “approved,” etc.

On the back end, those same politicians are trying to figure out how to cushion the economic blow of their own authoritarian stupidity with bank and corporate bailouts, individual stimulus checks, and other voodoo rituals that threaten to turn a short, mild recession into a Greater Depression.

I do agree that the situation calls for drastic measures, and I have one to offer:

I propose a 90-day total quarantine, effective immediately, on all elected or appointed government officials.

By “total,” I mean they are to be restricted to their homes without telephone or Internet access, and physically restrained if they try to leave, have a communication device smuggled in, or speak to anyone through an open window.

As compensation (and to keep ringers from smuggling out proclamations), the taxpayers should provide for grocery delivery.

Three months without politicians exploiting panic to enhance their own power would reduce both the short-term death toll and the long-term problems of economic recovery.

Alternatively, we could all just start ignoring them and their edicts and get back to living again whether they like it or not.

Thomas L. Knapp (Twitter: @thomaslknapp) is director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism (thegarrisoncenter.org). He lives and works in north central Florida.

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Don’t Let Politicians Use Pandemic as an Excuse for Dictatorship

T-55A on the streets during Martial law in Poland. Photo by J. Żołnierkiewicz. Public domain.
T-55A on the streets during Martial law in Poland. Photo by J. Żołnierkiewicz. Public domain.

By invoking the Defense Production Act, which “authorizes the President to require acceptance and priority performance of contracts or orders and to allocate materials, services, and facilities to promote the national defense or to maximize domestic energy supplies,” US president Donald Trump has declared himself America’s economic dictator.

He’s also moved to seal the nation’s borders, even as governors and mayors have banned public gatherings, ordered businesses to close or severely curtail operations, sealed off neighborhoods, and even in some cases — San Francisco comes to mind — ordered the entire populations of cities to remain indoors.

And we’re letting them do it.

Why? Because they say it’s about “public health.”

If this was about public health,  obvious vectors for the spread of COVID-19 like the Transportation Security Administration and its airport security screening lines would have been among the first things shut down.

Your neighborhood tavern, where people are seldom closely packed unless one is trying to sweet-talk another back home, is closed. TSA agents are still making airline passengers line up to be groped and coughed on.

If it was about public health, America’s non-violent prisoners would have been released to make more room for “social distance” between the remaining prisoners, reduce staffing needs, and prevent the virus from raging through captive populations.

Some prisons and jails are releasing some inmates or refusing to take in more. But not nearly as many prisoners are being released as Americans are being made prisoners in their own homes.

If this was about public health, government would be letting the market produce, and set prices for, essential goods instead of trying to seize control of production and suppress “price gouging.”

This isn’t about public health. It’s about political power. And things are getting very ugly, very quickly.

Vladimir Putin WISHES he had the power that American politicians have seized in the last couple of weeks.

Latin American dictators are green with envy at the enthusiasm with which Americans are surrendering our freedoms.

Pardon my French, people, but WTF?

A month ago half of us didn’t trust Donald Trump, half of us didn’t trust Nancy Pelosi, and many of us trusted neither. Now all of a sudden most of us seem to be practically begging both of them, and their henchmen, to order us around.

That’s not going to contribute to the public health. It’s not going to shorten the COVID-19 outbreak. It’s just going to crater our economy and leave us less free after than we were before.

If we force the politicians to knock this nonsense off now — by ignoring their orders until they run to the front of the parade by countermanding themselves — we might get off light. A short recession, maybe, and perhaps even some politicians who are scared into respecting our rights a little bit more, for a little while.

If we keep going along to get along, we’re more likely to end up thinking of the Great Depression and Stalin’s reign as versions of “the good old days.”

Thomas L. Knapp (Twitter: @thomaslknapp) is director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism (thegarrisoncenter.org). He lives and works in north central Florida.

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A Proposal for Real Coronavirus “Stimulus”

Hundreds (RGBStock)

On March 12, the New York Federal Reserve announced a $1.5 trillion injection of money into the US financial system. Three days later, it cut its benchmark interest rate to zero and announced it would be buying at least $500 billion in government bonds and another $200 billion in mortgage securities.

The Fed is returning to a policy of “Quantitative Easing” in response to the COVID-19 panic. The idea behind these moves is that throwing money at the banks and the government will “stimulate” the economy by keeping credit easy for consumers and business borrowers.

I have a better idea.

The Fed’s new QE announcements already top $2.2 trillion.

For Fiscal Year 2018 (the year your last tax return covered), the US government only collected $1.6 trillion in individual income tax.

The projected amount for Fiscal Year 2019 is probably more than that, but not a great deal more, and almost certainly not as much as the Fed is already planning to throw into the mix.

If the US government is serious about “stimulus,” it should announce that instead of accepting tax returns this year, the IRS will immediately (no waiting for April 15, no questions asked) cut and mail refund checks for every dollar of income tax it collected in Fiscal Year 2019.

Instead of the Fed magically creating a bunch of new money out of thin air and giving it to banks and the government, just give Americans our own money back.

We’ll take that money to stores and buy things with it (that’s “actual economic demand”), which will stimulate the economy a whole lot more, and a whole lot faster, than the Fed’s magic money sitting in bank balances waiting to be loaned out (that’s “prospective economic supply”).

Yes, my proposal would result in an even bigger federal budget deficit this year than usual, adding more to the government’s debt. But that was going to be the case even before the coronavirus. And both major American political parties have made it clear — in action even when they don’t admit it — that they don’t believe deficits matter.

If the COVID-19 panic is the economic equivalent of a heart attack, and that’s pretty much what it is, the Fed’s response amounts to slapping the patient’s face and urging it to wake up while praying loudly and fervently.

Actually putting people’s tax money back in their pockets would be the equivalent of a direct adrenaline injection to the patient’s heart.

Thomas L. Knapp (Twitter: @thomaslknapp) is director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism (thegarrisoncenter.org). He lives and works in north central Florida.

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