Thinking about the coronavirus is bleak, so let’s do some political philosophy to cheer ourselves up. Libertarian philosopher Jason Brennan has a new post up claiming that our obligations to help strangers are much weaker than we might think they are, and may not exist at all, because most people are “morally very bad”. Brennan […]
Consumer prices sharply decline in March: keep your eye on wages This morning we got some monthly economic data that will be actually valuable to watch throughout this Coronavirus Recession: consumer prices. That’s because during recessions, consumer price growth decelerates, as does wage growth, which continues to decelerate well after the recession bottoms out. […]
Remdesivir and Transfer Pricing III Robert Waldmann posted his Remdesivir III: I do not understand the need for “evidence-based medicine” or rather I do not understand how the phrase is used by doctors. There is no evidence that Covid 19 patients (without heart disease) do better without Chloroquine. I learn that “evidence based medicine” does not […]
“High Contagiousness and Rapid Spread of Severe Acute Respiratory Syndrome Coronavirus 2,” CDC, Emerging Infectious Diseases Doing my usual morning reading, I ran across a comment concerning an early release article by the CDC which as the CDC points out is not considered to be a final versions. I believe what is important about the […]
Alan Collinge of the Student Loan Justice Org. has a petition promoting the cancellation of Student Loan Debt. When Angry Bear ran (April 1) his commentary on Student Loan Debt asking for signatures, there were 161,000 signatures on the petition. A couple of days later, the number of signatures was approaching 200,000 Today, I was […]
A broad topic (at least it is close to the field in which I am most nearly expert). I am going to write about policy to deal with the economic effects of the Covid 19 epidemic. There has already been an amazingly quick and huge policy response, which generally seems fairly well designed (with different […]
by Joseph Joyce Joseph P. Joyce is a Professor of Economics at Wellesley College, where he holds the M. Margaret Ball Chair of International Relations. He served as the first Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs. The Coming Debt Crisis After the 2008-09 global financial crisis, […]
by New Deal democrat Weekly Indicators for March 30 – April 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. This was the week when the bottom finally fell out of almost all the remaining data. Clicking over and reading will bring you up to the virtual moment on the economy, and […]
The Climate Crisis and the Green New Deal The Covid-19 pandemic won’t last forever, and at some point we will have to return to figuring out how to respond to the climate crisis. (What a depressing opening line. No, I have no desire to live in a world of permanent crisis.) Is the answer a […]
Remdesivir and Transfer Pricing Part II Now that I sketched out the transfer pricing for Gilead Sciences with respect to their successful HIV and Hep C products (as much as I can say based on publicly available information), it is time to speculate a bit on how Remdesivir may play out. There is a lot we do […]