Thanks to international supply chains, Scott Lincicome’s Five Timer gold jacket is in the mail today as he joins Jonah to discuss a whole panoply of economic trends. Scott and Jonah talk about some of his observations from his posts as a fellow Dispatch-er with his Capitolism newsletter, as well as through his role at Cato where he has just put out a ton of research refuting the too-clever-by-half idea that the government can seize the manufacturing industry for national security reasons. The guys also discuss how COVID has essentially reversed the consumer side of the American economy. (“The pandemic has temporarily converted us into a country that buys goods instead of services”), and they even manage to get in some Hayek (peace be upon him).

Show Notes:

-“Five Timers Club”

-Scott’s newsletter, Capitolism

-Democrats trying to push through $15 minimum wage

-Tom Sowell on the minimum wage

-More from Less by Andrew McAfee

-Scott’s latest for Cato

-Scott’s take on the ‘deindustrialization’ myth

-A rundown on the National Technology Industrial Base

-U.S. ventilator overproduction

-Sherrod Brown’s “Buy American” push to the Biden administration

-Jonah: Thank globalism for COVID response, not nationalism

-Jonah, microcosms, and macrocosms

-Invisible Wealth by Nick Schulz and Arnold Kling

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Getting Hayekian