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by John Tamny (Author), George Gilder (Foreword by)
When Politicians Panicked tells the tragic story of how, in response to a spreading virus, global politicians mindlessly pursued economic desperation, starvation, and death as the cure.
The global economy was booming as 2020 dawned, but within a few short months wreckage, death, and desperation borne of economic contraction were the new normal. What happened? In When Politicians Panicked, economic commentator John Tamny tells the heart-wrenching story of a time when politicians were tragically relieved of basic common sense in their response to the new coronavirus. In March of 2020, the virus quickly became a major news item as political panic about it traveled around the world. Even though anecdotal and market-based evidence from the virus's epicenter indicated very low lethality, politicians quickly imposed economy-crushing lockdowns on the rather specious assumption that unemployment, bankruptcy, and starvation would somehow halt the virus's spread. Tamny methodically dismantles the political consensus by showing how economic growth has long been the first and last answer to death and disease. He then shows how politicians, having mindlessly crushed a growing economy, proceeded to double down on their mistakes by throwing taxpayer money at their shocking errors. Throughout When Politicians Panicked, Tamny makes a relentless case that free people don't just produce the wealth that renders today's killers yesterday's news. They also produce crucial information about health threats that shine a light on that which threatens us. Lockdowns suffocate economic progress, but they also blind us to how we can progress--as Tamny makes plain in what will go down as an essential history for anyone seeking to understand the coronavirus panic of 2020.Author Biography
John Tamny is vice president at FreedomWorks, and director of its Center for Economic Freedom. He's also editor of RealClearMarkets, and senior economic adviser to mutual fund firm Applied Finance Group. Past books by Tamny include Popular Economics (Regnery, 2015), a primer on economics, Who Needs the Fed? (Encounter, 2016), about the central bank's onrushing irrelevance, The End of Work (Regnery, 2018), which discusses the exciting evolution of jobs that don't feel at all like work, and They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers (AIER, 2019). He is also the author of the new book, The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution?. Tamny lives in Bethesda, MD, with his wife, Kendall, and kids, Claire and Reed.
