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2022-01-03

The what?

Caveat 1 - we are dealing with American law here, although as far as I understand it UK law should also largely conform to this principle, originally laid out by British economist (it's OK - not all economists are incomprehensible) Ronald Coase (the Clifton R. Musser Professor of Economics at the University of Chicago Law School).

Caveat 2 - the principle was set out by an economist (although he did work for a Law School).

"Generally, the party who can most cheaply reduce the harm is the one legally and morally bound to do so in a free country"

"Points 1 through 4 are not easily contested individually. Together, they constituted 'common sense' until March 2020

You can see where this is going.

The AIER (American Institute for Economic Research) provides us with a working point-by-point rebuttal of the various features of pandemic mismanagement that have had the effect of removing our time-honoured freedoms, and does so based upon previously accepted legal-economic principles.

"Policymakers could be, and should be, teaching our children these basic lessons in economics and common sense so that nothing like the last 21 months ever happens again"

Amen to that.