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TagCOVID-19 panic

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Toilet paper shortage coronavirus panic buying man hoarding carrying many rolls at home in fear of corona virus outbreak closing shopping stores.

Economist Faces Painful Truths About COVID-19 Information Dump

Jeffrey A. Tucker admits he was wrong to think that just giving people more information would reduce panic — or that Big Tech was a force for human freedom

Economist Jeffrey A. Tucker, president of the Brownstone Institute, shares some thoughts about what he learned about the spread and management of information from the response to COVID-19. Two things he learned are especially worth noting. At one time, Tucker, who describes himself as a “Victorian Whig” (an old-fashioned liberal), believed that merely giving people access to more accurate information would improve our response to crises. He had good reason to believe that: Historically, dictators like Stalin, Hitler, or Xi have restricted access to information in order to keep the public easy to control. So what happened when, in the Western world, the internet opened the dam? The speed and abundance of information actually amplified error. At the height of…