Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition

"The policy response to the Covid pandemic has been a master class in government failure: governments around the world have messed up their responses time and time again. It isn’t because they are bad people, necessarily, nor is it because they are incompetent. It is because 'The Problem' is a set of innumerable smaller problems for which, as Friedrich Hayek pointed out, the relevant knowledge of 'the particular circumstances of time and place' cannot confront political decision-makers as data. It emerges from action, exchange, and the prices they produce." ~ Art Carden