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William L. Anderson

Articles by William L. Anderson

The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer

October 14, 2020

Given the overt hostility that progressives have toward private enterprise in the first place, politicians will take shutdown-caused shortages and empty shelves as “proof” that private enterprise has failed.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Original Article: “The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer“.

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The COVID Crisis Supercharged the War on Cash
The corona crisis has already taken a very high toll and caused deep damage in our societies and our economies, the extent of which is yet to become apparent. We have seen its impact on productivity, on unemployment, on social cohesion and on

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The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer

October 10, 2020

In the first presidential “debate” (I use that word creatively), Joe Biden hinted that he would order a national lockdown in order to “defeat” the covid-19 virus, and there certainly seems to be a consensus in the media and among political elites that if there is another “outbreak” of covid, then the “shelter in place” order will be the law of the land.
Many businesses certainly are making plans for such an order, this time not wanting to be caught unprepared as they were last March:
Grocery stores and food companies are preparing for a possible surge in sales amid a new rise in Covid-19 cases and the impending holiday rush.
Supermarkets are stockpiling groceries and storing them early to prepare for the fall and winter months, when some health experts warn the

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Carter vs. Reagan: The Last Semi-Intelligent Presidential Race

September 25, 2020

Carter vs. Reagan
Presidential campaigns in the United States tend to be discouraging affairs, even if one is not a libertarian who has zero expectations that anything good can come from American elections. The old saw that insanity consists of doing the same thing repeatedly and somehow expecting different results applies to presidential campaigns as well as to anything else.
For whatever reason, Americans (and especially the American media) seem to believe that the process by which voters select presidential candidates some day will produce a Marcus Aurelius (or some other philosopher king) as opposed to the final race we have between Donald Trump and Joe Biden, neither of whom will resurrect memories of orators like Daniel Webster or Frederick Douglass.

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The Disastrous Legacy of Woodrow Wilson

July 4, 2020

Princeton University has made it official: Woodrow Wilson’s name no longer will have any place on campus. The former president, or at least his memory, now is part of cancel culture, which is sweeping the nation. The Woodrow Wilson School of Public and International Affairs will replace the former president’s name with “Princeton,” and Wilson College now will be called First College.
This hardly is surprising but in many ways discouraging, but not for reasons that many people might assume. Wilson did, after all, leave a sorry legacy of Jim Crow racial segregation and actively sought to damage if not destroy race relations in the United States, so the drive to remove his name is not a surprise given the wave of renaming and destruction of statues and monuments

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Michael Flynn, Lori Loughlin, and the Permanent Culture of Prosecutorial Abuse

June 1, 2020

When US attorney general William Barr recently announced that the Department of Justice was reversing course and dropping all charges against former Trump adviser Michael Flynn, the response from Democrats, the mainstream news media, and Never-Trump Republicans such as David French was thermonuclear, to put it mildly. The New York Times, which many times has editorialized against prosecutorial tactics that drive people to plead guilty instead of going to trial, reminded its readers that Flynn had twice pled guilty, which to the editors constituted absolute proof of his guilt.
The NYT went on to editorialize elsewhere that Barr had “politicized” the DOJ and was using his powers to pervert justice. On the airwaves, NBC News purposely truncated a Barr quote in order

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Krugman: We Need More Unemployment—to Save Us from Unemployment

May 21, 2020

It has been a long time since I read anything by Paul Krugman, and seeing his most recent column simply reminds me why I’ve not missed anything. As both an extreme Keynesian and political partisan, he long ago abandoned economic analysis for something economists should recognize as nothing less than what Mises called metaphysics.
Nonetheless, my curiosity got the best of me when he wrote that reopening the economy and allowing people to go to work almost surely will cause a depression. He writes:
Last week the Bureau of Labor Statistics officially validated what we already knew: Just a few months into the Covid-19 crisis, America already has a Great Depression level of unemployment. But that’s not the same thing as saying that we’re in a depression. We won’t

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