Relevant and even prescient commentary on news, politics and the economy.

Why resign?

Several White House aides and policymakers have resigned in the past 24 hours.  Frankly, I don’t get it.  First, it’s way too late to salvage your reputation.  Second, at this point you can (arguably) do more to protect your reputation by saying that you are staying to prevent Trump from doing something crazy in the […]

The events at the Capitol

The events at the capitol today are horrifying, and to many of us seem like the natural outcome of Trumpism and the morally degenerate enabling of the Republican party.  But the events today may well end up strengthening our democracy. I suspect that Trump has badly overplayed his hand.  The images of thugs running loose […]

Status quo bias and vaccine supplies

Here is a simple thought experiment on the use of scarce vaccine supplies. Suppose that we had tested the Pfizer/Moderna vaccines with one dose per person and discovered that they were 85% effective at preventing covid-19. However, due to an administrative error, we gave some people two doses, and when we analyzed the data it […]

Yes, let’s vaccinate twice as many people against covid-19

I am very sympathetic to Robert Waldmann’s argument that we should give twice as many people one dose of the new Pfizer/Moderna vaccines, at least until supply constraints are eased, instead of following the FDA approved vaccination protocol and giving everyone two doses right from the beginning. What follows is a rough way of thinking […]

Covid update

I seem to be through the worst of it. My fever is down and my cough is subsiding. If I hadn’t gotten a covid test I would have thought I had a moderately bad cold. With a bit of luck, it’s all over except the quarantine. Thanks to everyone for their good wishes.

Paying people to get vaccinated?

Apparently there are proposals circulating to pay people to get vaccinated. (Summary here.) The pro/con story is familiar enough. Monetary incentives might increase the uptake rate; but they might also increase suspicion and backfire, or at least not be very effective. Given the large cost involved – the number cited in the linked article is […]

I have covid . . .

I’m fairly certain I picked it up this past Tuesday.   Wednesday night I had a slight throat-clearing cough.  Not sure if this was covid related or not.  Saturday I had a fever of 100.5, along with some achiness.  I got tested on Saturday and received the positive test result on Sunday.  Last night was a […]

Should we worry about hospitals being overwhelmed with COVID-19 Patients? Libertarian: Nah.

Our friend Donald Boudreaux is at it again, dispensing misleading statistics that just so happen to favor libertarian outcomes. Two days ago Boudreaux posted some data on hospital capacity that seem to suggest that we do not need to worry about hospitals getting overwhelmed with COVID patients because capacity utilization over time is flat.  As […]

Where do libertarians stand on race? Glad you asked.

Almost all Americans agree that the government should not actively discriminate against blacks and other racial groups, and most believe that private race discrimination should be prohibited as well.  Many people would go further and support efforts to reduce the large racial disparities that persist in America despite formal legal injunctions against discrimination.  Some believe […]