F. A. Hayek s Covid-19 Lessons | City Journal
Free-market advocates have responded to the Covid-19 pandemic relatively quietly. They should speak up. The pandemic and its fallout show the virtues of market forces while revealing the dangers of relying on bureaucratic central planners and shortsighted regulations.
An opposition to central planning grounded in the understanding that we can t predict the future, a healthy skepticism of bureaucrats and experts who fancy themselves philosopher-kings, an awareness of the dangers of outdated and unnecessary regulations: these are the tenets of free-market thinking as espoused by the patron saint of libertarians, Friedrich Hayek. America s response to Covid-19 reinforces their wisdom, and conservatives should take note.