Is This Our 1914 Moment?

by Joakim Book
The American Institute for Economic Research

A friend recently asked me how I can be so positive about the world’s progress yet so desperately pessimistic about the long-lasting horrors that will come from last year’s authoritarian power grab.

And it’s true: it’s a dissonance I often struggle with – the joy at the flourishing wonders of the world, coupled with the desperate fear of decline. I can go from pondering last year’s permanent loss of freedom to idealistically proclaim a century of liberty and an age of patronage prospering outside the rotten institutions of government.

Is this the mark of a schizophrenic mind or is there a deeper method at work? Is it possible to hold two thoughts in our heads at once?

I have no doubt that the 2020 government invasions of every aspect of life – monetary, fiscal, regulatory, medical, or whether you may leave your country, your state, or even your house – won’t (fully) roll back. Temporary government policies never do; this is the new normal.

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