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Opinion

$5 Trillion Down the Drain

$5 Trillion Down the Drain
A podium with the logo for the CDC. Kevin C. Cox/Getty Images
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Commentary

In the face of the coronavirus pandemic, everyone should read Robert Higgs’ economic classic “Crisis and Leviathan.” The critical warning of this masterpiece is that government always uses a crisis—from the Civil War to the Great Depression to World War II—to expand power, not only during the emergency but also afterward. Emergencies tend to ratchet up the cost and power of government permanently.

Stephen Moore
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
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