by David Hart
The American Institute for Economic Research
Anybody who wishes to argue for a government monopoly which will “centrally plan” any industry or service (in this case public health during a pandemic) needs to come up with some very good reasons. So far, looking at both the theory and reality, I’ve seen no strong case for government to exercise monopoly controls during a pandemic, to say nothing for lockdowns, closures, travel bans, and controls on the population generally. Nothing about the presence about a virus, whether mild or severe, negates the problems with coercive central planning.
In fact, all the sound reasons why central planning does not and cannot work in the case of the general economy apply equally in this case, along with a few other reasons which are specific to epidemics.
Here are some of those reasons.