Dr. Philipp Bagus on the Political Economy of Mass Hysteria
Channel: misesmedia
Date: 26/02/2021

Normally we discuss books on The Human Action Podcast, but this new academic paper by Professor Philipp Bagus is too important to ignore. "COVID-19 and the Political Economy of Mass Hysteria" is the one journal article you need to read this year. In only about ten pages it makes the devastating case that perverse political incentives—along with a nexus of state-connected media and scientists—combine to create and amplify "public health" hysteria. Echoing Hoppe and public choice theory, Bagus explains how politicians enjoy asymmetric rewards for exaggerating risks and creating fear. The result is gross policy errors we will all pay for over many decades. Don't miss this show!

Read Dr. Bagus's paper at https://Mises.org/BagusPaper
And read Jeff Deist's summary of the paper at https://Mises.org/DeistBagus
Find Deep Freeze: Iceland's Economic Collapse online at https://Mises.org/DeepFreeze
Find The Tragedy of the Euro​ online at https://Mises.org/TragedyEuro

Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of economics, at https://Mises.org​.

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