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Cato Podcast

Masks, Mandates, and Tradeoffs

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 26 August 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

The culture war fights that have exploded over decisions as simple as wearing a mask to reduce the spread of the coronavirus could make use of some economic thinking. Cato’s Tom Firey comments.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, August 26, 2020.

0:05.8

I'm Caleb Brown.

0:06.8

Economists don't have solutions.

0:08.8

Economists offer trade-offs.

0:11.1

In the struggle between the defiantly anti-mask-warers and those who want a national

0:16.2

mask mandate with some teeth.

0:19.0

Some important considerations are being forgotten.

0:21.5

Tom Fiery is a senior fellow at the Cato Institute and managing editor of

0:25.2

Regulation magazine.

0:27.0

We discussed masks, mandates, and trade-offs last week.

0:31.0

When the notion of wearing a mask in public, and not specifically in public, indoors in mixed

0:39.7

company became the Well, look, if the state is going to mandate this sort of thing, give businesses three options.

0:59.5

Masks required, Masks optional,, masks prohibited.

1:05.0

And if you want to have your culture war, you go right ahead,

1:09.0

but you have to tell your customers up front

1:11.0

that this is the policy and whatever the policy is we're going to

1:16.4

enforce it and in your you're working on a paper that basically details another element of this and that is the fact that there

1:27.2

are inherent trade-offs in mandates, there are inherent trade-offs for individuals,

1:36.0

individual businesses and individual people that are not immediately obvious right now.

1:42.0

So detail that for us. That's a great point. You know, your

1:47.8

intuition, why can't we give places options and just as long as they tell people before they come in what the option is we can sort into the

1:56.7

places we want to go. In fact if people visit Cato.org and Google my name. They'll find that I've argued something similar

...

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