Prof. Joel Eissenberg: “Zoonotic origin for SARS-CoV-2 remains the most plausible hypothesis” There’s a saying in research science: extraordinary claims require extraordinary evidence. Given what we know about the origins of nearly all viral pandemics — that they resulted from a virus jumping from an animal to a human host (zoonotic infection)–the null hypothesis for […]
A lot more intense economic commentary and detail coming by way of blogger and commenter R.J.S. MarketWatch 666 CPI Rose 0.5% in July on Higher Prices for Food, Energy, New Vehicles and Lodging The consumer price index rose 0.5% in July, as higher prices for food, energy, new vehicles, and lodging at hotels and motels […]
One of the narratives taking hold was that hydroxychloroquine was a cheap, easy and safe cure that scientists were hiding in order to profit from federal dollars for vaccine research.
Three “Fragment[s] on Machines”: überflüssig ist notwendig An excerpt of a passage from the Grundrisse, in the notorious “fragment on machines,” has become iconic in contemporary Marx studies: Capital itself is the moving contradiction, [in] that it presses to reduce labour time to a minimum, while it posits labour time, on the other side, as sole measure […]
A Half Century Since The Beginning Of The End Of The Post WW II Economic Order It was also on a Sunday, with financial markets closed, that August 15, 1971, when US President Richard Nixon gave a surprise address to the nation on economic policy. He made three announcements: 1) a 90-day wage-price freeze, 2) […]
Initial claims continue rangebound, while continuing claims continue slow decline, by New Deal Democrat Initial jobless claims declined 12,000 this week to 375,000, still 7,000 above their best pandemic levels of 368,000 set on June 26 and July 10. The 4 week average of claims increased by 1,750 to 396,250, 11,750 above its pandemic low […]
Coronavirus dashboard for August 16: some (relatively) “good” news, some bad news Recently I’ve speculated in a few places that Delta may be acting as a backfire-type firebreak against Lamdba, which has been getting a lot of press as potentially evading vaccines. Confirmation that this may in fact be the case comes from Dr. Eric Topol […]
Gasoline supplies at a 42 month low; natural gas supplies still 16.5% lower than a year ago; offshore Alaska drilling resumes; Commenter Blogger RJS, MarketWatch 666 This Week’s Rig Count Number of drilling rigs active in the US increased for the 40th time out of the past 47 weeks during the week ending August 13th, […]
Yesterday Donald Boudreaux published a letter to the Wall Street Journal about the Zywicki lawsuit against George Mason University that I posted about here. Let’s take a look at classical liberalism in action: Today’s edition contains three letters critical of my colleague Todd Zywicki’s defense, in your pages, of his lawsuit against George Mason University’s vaccination requirement. Each […]
Here is my inflation worry by New Deal democrat I want to follow up on a comment I made yesterday in connection with Wednesday’s consumer price report. It is certainly true that *inflation* is likely to be transitory. The 5.3% YoY inflation we’ve seen in June and July may certainly pass in the next few […]