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

Reaching Beyond Race

I just finished Reaching Beyond Race by Paul Sniderman and Edward Carmines.  They argued – in 1997 –  that people concerned with racial equality should focus on enacting policies that increase opportunities for the disadvantaged generally, using arguments that, as the title suggests, reach beyond race.  This is a common enough viewpoint, but they make […]

Omicron declines sharply

Coronavirus Dashboard for February 8: Omicron declines sharply; did Delta provide protection against the worst outcomes? As I mentioned yesterday, I haven’t posted a Coronavirus dashboard in awhile, and with Omicron in rapid retreat, it’s time for an update. To begin with, deaths are presently peaking at roughly 2450 a day, while nationwide cases are […]

contra MMT Anopinion III

Noah Smith (and many others) is irritated by a puff piece about Stephanie Kelton and modern monetery theory MMT by Jeanna Smialak in the New York Times. I am not interested in Smialak’s article. I think that Noah sums up his critique here very well “The article then demonstrates that it has little notion of […]

Student Loan Debt Cancellation Will Not Benefit the Wealthy or Young?

Student Loan Cancellation will not Benefit the Wealthy, Alan Collinge, Student Loan Justice Org. Alan Collinge History In 1972, allegations about students abusing bankruptcy3 courts were beginning to make headlines. Major newspapers were publishing anecdotes about students who took out large college loans. Supposedly then, young graduates or students quickly declared bankruptcy to avoid paying them off. The […]

Libertarians are declaring victory in the COVID wars.  Don’t let them.

Public opinion in many countries is shifting against COVID-19 precautions and restrictions – even against vaccine requirements.  This has some libertarians declaring victory.  Not only are they declaring victory, they are claiming that the rollback of restrictions shows that they were right all along, and that the restrictions were foisted on us by a corrupt […]

Can Ukraine Become A New Austria?

Can Ukraine Become A New Austria?  In this Sunday’s Washington Post, columnist David von Drehle suggests that a way out of the difficult Russia/Ukraine situation would be for Ukraine to become like what happened with Austria in 1955 and since; it formally became officially neutral, not joining either NATO or the Warsaw Pact, and has […]

Lifted from comments

J.P. McJefferson writes: “On a Friday afternoon in February, I finally sense a glimmer of hope. Mike Pence finding truth in his heart and openly confronting Trump & his lot of criminals by reinforcing the fact that he had no authority to overturn the election and saying Trump is “wrong”. A direct slap in the […]

The anti-libertarian approach to COVID policy

Here is Michael Bang Petersen in the New York Times: As a researcher and an adviser to the Danish government on the pandemic, I have repeatedly stressed that we need to make complex trade-offs between deaths, the economy, public well-being and constitutional rights. There is not a single right answer for how to proceed. Within […]

Against the Stability and Growth Pact

The stability and growth pact regulated the fiscal policy of Euro bloc countries. It is currently suspended, because of Covid. There is an ongoing discussion of whether to reactivate it when the epidemic ends or whether to replace it with something else. I strongly advocate eliminating it and replacing it with nothing. Very very rounghly, […]