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The Lighthouse®

The Lighthouse® is the weekly email newsletter of the Independent Institute.
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Volume 22, Issue 13: March 31, 2020

By John C. Goodman (Forbes, 3/23/20)
Under a free-market system, most households today would have all the equipment needed for effective online consultations with their doctors, including to diagnose coronavirus infections. The fact that telemedicine isn’t as widespread and extensive as it could be is a result of government policy. READ MORE »

By Raymond J. March (The Hill, 3/26/20)
Retailers such as Target, Walgreens, and CVS-Health are opening space for laboratories to make coronavirus tests available to the public. The enlistment of private labs would have occurred much sooner had the Food and Drug Administration and the Centers for Disease Control and Prevention not stood in their way. READ MORE »

By John O’Sullivan CBE (National Review, 3/25/20)
Critics complain that governments moved too slowly to fight the spread of the novel coronavirus, but what if the bigger problem is that politicians have opted for virus suppression and human lockdown, rather than policies of mitigation and adaptation? Given that everyone has a stake in the health of the economy, it might be far better if governments emphasized protecting society’s most vulnerable populations while still allowing lower-risk individuals the freedom to go about their lives without major disruption. READ MORE »

By Richard K. Vedder (Forbes, 3/16/20)
Colleges and universities lack information about key metrics on student learning, on which majors are the most productive for society, on the marginal benefit of a fourth year of undergraduate study, and so on. These deficiencies, along with the high fixed costs associated with their Edifice Complex, are reasons why the higher-education bubble will likely deflate at a faster pace in the age of the novel coronavirus. READ MORE »

By Scott Beyer (Catalyst, 3/25/20)
When resources are scarce, price increases can spur production, discourage hoarding, and encourage conservation. For evidence of how “price gouging” during emergencies actually helps consumers, consider that hikes in gasoline prices during Hurricane Harvey left more fuel available for Texans who were evacuating to save their lives. READ MORE »

  • Catalyst
  • Beyond Homeless