Donald Trump Goes Absolutely Bonkers Over China (Last Thursday) President Trump erupted with a series of demands and threats against China, focusing on various claims about its role in the current pandemic. I have here noted some issues with China’s conduct, but Trump makes it completely impossible that there will be any of the much-needed […]
On April 20th Georgia Governor Kemp called for “reopening more of the state’s economy to minimize the ‘terrible impact of Covid-19 on public health and the pocketbook.’” It would apply to certain non-essential businesses. Kemp, who was later told by Trump it was too early to reopen Georgia’s economy, was following Trump’s lead to begin […]
Arnold Kling writes (my bold): Yesterday’s post on lockdown socialism was unusual for me, in that it was not aimed at persuading someone who might disagree. Let me approach the topic by trying to make the best case for the other side. If I were a lockdown socialist, I would argue as follows. We want […]
The widely followed IHME model of coronavirus cases has been much too optimistic The IHME model by the University of Washington has gotten a lot of attention in the past month, most likely because it has always forecast a much lower number of total deaths caused by coronavirus than, for example the Imperial College […]
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 […]
An Update on Shadow Government Not only is the current level of testing for the coronavirus insufficient, the tests themselves are flawed. Read this summary by infectious disease specialist Michael Osterholm and a coauthor for particulars. Their key policy conclusion is A blue-ribbon panel of public health, laboratory and medical experts, ethicists, legal scholars and elected officials […]
by New Deal democrat Weekly Indicators for April 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The coincident and short term leading indicators, as expected, continue to be awful — probably the worst since the Great Depression. Whether this downturn can be turned off relatively quickly, or whether […]
This was the first pass (Ernie Tedeschi of Evercore prepared the data) and it is arranged by the percentage of loans completed in each state. As you can see Nebraska received ~81% of the loans applied for by the small businesses in Nebraska. One million, 35 thousand and 86 SBA PPP Loans (1,035, 086) were […]
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 […]
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 […]