Patreon Exclusive! In this "Maximal" episode, Joshua and Ryan discuss the appropriate preparation and response to societal crises with the Director of Entrepreneurial Education for the Foundation for Economic Education, T.K. Coleman, and they answer the following questions:
Are we preparing needlessly for problems that won’t exist? (06:40)
How does the free market respond to a crisis? (09:25)
Why aren’t there sufficient tests for COVID-19? (20:40)
Are there some countries that are handling the pandemic better than the United States? (22:38)
Why does tribalism often take precedence over community? (34:51)
Is government incompetence and overregulation just as harmful to our health as the virus itself? (44:01)
Are some government regulations appropriate and helpful? (47:00)
How can we effectively use incentives instead of regulations? (52:07)
How effective are masks and respirators against the virus? (1:06:11)
LINKS
Article: Coronavirus
Book: Basic Economics
Book: Minimalist Rulebook
Book: Against Empathy
Essay: Let’s Talk About the Coronavirus
Facebook: T.K. Coleman
Health: Belcampo
Health: Wild Planet Sardines
Instagram: T.K. Coleman
Instagram: Jordan Moore
Instagram: Podcast Shawn
Instagram: Jessica Williams
Podcast: Pete Buttigieg
Podcast: Revolution of 1
Resources: The Minimalists
Subscribe: The Minimalists
Text: 937-202-4654
Twitter: T.K. Coleman
Watch: End Times Fun
Website: FEE
Website: T.K. Coleman
MAXIMS
“Consumerism is a compromise on your liquidity, and your liquidity is your greatest advantage in a crisis.” —T.K. Coleman
“Don’t let others’ expectations dictate your standards.” —Joshua Fields Millburn
“Be clear on what is ‘just-in-case’ and what is ‘just-for-when.’” —Ryan Nicodemus