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

Conservative rhetoric, COVID-19, and Lockdown Socialism

Arnold Kling has a recent post up on “Lockdown Socialism”: I’ve seen headlines about polls showing that people are afraid of restrictions being lifted too soon. To me, it sounds as if they prefer what I call Lockdown Socialism. Under Lockdown Socialism: –you can stay in your residence, but paying rent or paying your mortgage […]

Real options and social distancing

I missed this when it first came out: We think that the debate regarding extreme social distancing has a clear verdict — it is imperative that we should engage in this social distancing (shelter in place for all but essential workers) at least for the foreseeable short-term, but for reasons that both sides have missed. Our […]

Quick take on the Payroll Protection Program and Health Care Enhancement Act

The House yesterday approved the Payroll Protection Program and Health Care Enhancement Act.  The PPP part of the law quite literally just increases the amount of money allocated to the program.  That’s it.  The law does almost nothing to fix the serious defects of the program in the original CARES act.  This is remarkable because […]

Why a failed opening today may lead to a slower recovery when the epidemic has faded

Matt Yglesias has a good piece up explaining why “opening” the economy now won’t save the economy.  The reason is that people will continue to avoid contact with others until the epidemic is brought under control.  Simply allowing restaurants, theaters, and workplaces to open will not change this basic fact.  Indeed, airlines are still open […]

Epidemiologists, government failure, and COVID-19

Jason Brennan has a new post up doubling down on his earlier criticism of epidemiologists and government policy in response to the COVID crisis.  I responded to his earlier blog posts here.  I am still not convinced, but there are useful lessons to be learned from going through his argument. Brennan continues to claim that […]

What does the COVID-19 epidemic teach us about the role of government?

What lessons should we draw about the role of government from the COVID-19 epidemic?  I want to address this question in a few posts.  I’m going to start by examining a blog post by the libertarian philosopher Jason Brennan.  Brennan makes the following claims: Many medical journals published misleading papers based on bad statistical analysis […]

The Democratic COVID-19 Testing Strategy

Senator Patty Murray has released a Democratic proposal to increase our capacity to test for the coronavirus.  The report quite rightly emphasizes that expanded testing is critical for containing the epidemic and re-opening the economy.  It criticizes the Trump administration for it’s failure to recognize the need for extensive testing: Democrats demand a clear, detailed […]