Thursday Links

Alex Tabarrok reviews The Big Fail. Best sentence:  “Anti-lockdown was probably the dominant expert opinion prior to COVID.”

Biden invokes the Defense Production Act to stem drug shortages. This is a Cold War-era law that lets the government require private companies to make materials deemed necessary for national defense.

Jason Furman on the 2017 Trump tax reform bill: It showed “taxes actually do matter,” adding that it provided “the most convincing estimates of the response of investment to corporate tax changes that I have ever seen.” 

Imagine getting medical-test results within minutes or seconds, before you leave the doctor’s office. That’s more likely for your dog than it is for you. (WSJ)

Why cold symptoms are worse at night. (NYT)