How to Unfreeze the Post-Pandemic Economy

Originally published at the Foundation for Economic Education (FEE) with Aaron M. Lane.

Right now, economies around the world are frozen in an attempt to deal with the COVID-19 pandemic. Governments have pulled every policy lever to keep it that way, for the time being, to limit the spread of the virus. Many people think that the economy will be unfrozen just like we would turn a machine off and on again. But unfortunately economies don’t work like that—unfreezing won’t be nearly as easy as many assume.

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Unfreeze: How to Create a High Growth Economy After the Pandemic

Book published with the American Institute for Economic Research (with Chris Berg, Sinclair Davidson, Aaron M Lane and Jason Potts)

We spell out the policy settings necessary for the rapid adaptation and market re-coordination that is required to resuscitate the economy. We explain why a return to business as usual is simply not enough to get everyone working again. A period of high growth prosperity will be imperative to deal with the costs of the freeze. This book tackles the tough questions and fills some of the current void of ideas and thinking about economic recovery. We develop a framework and principles for an institutional re-build, presenting a path to recovery based on the ideas of private governance, permissionless innovation, and entrepreneurial dynamism.

Book Contents

  1. Introduction
  2. The Public Health Crisis
  3. The Economic Crisis
  4. The Need for a Square Root Recovery
  5. Thawing a Frozen Economy
  6. How to Achieve High Economic Growth
  7. The Way Forward

Reviews

“Economies are not like video games that can be paused and then unpaused with no effect. Freezing an economy causes systematic problems, and unfreezing it requires systematic solutions. This book is a much needed well-researched study on what it will take to get the world up and running again.” ~ Jason Brennan, Georgetown University