Conspiracy Theories: How to Pick Out the Plausible Ones This is an age of rampant conspiratorialism. Bill Gates is behind the pandemic because he wants to shoot you full of vaccines. No wait, it’s all those 5G cell towers. Or maybe it’s bioterrorism from China. Or just a hoax perpetrated by international capital to undermine […]
I have been monitoring the close relationship between bond yields and monetary velocity ( personal income/zero maturity money) for years without coming to strong conclusion about what to make of it. In particular, it displays the long term secular rise and fall of bond yields before and after 1980.. I do not know of […]
“Dr. Doom” At It Again: Predicts 10-Year Depression That would be Nouriel Roubini of NYU who got his moniker back during the Great Recession, which he called pretty well in 2006. He did this clearly yesterday in an interview in The Intelligencer, although he has been pushing something like this for some time now, bringing […]
Coronavirus, the economy, and the election: the jury is still out on all three There is some housing data out today; I’ll probably have a post up about it tomorrow at Seeking Alpha, and I’ll link to it here. Meanwhile, the jury is still out on the effects of the “reopening” of many States on […]
A Compromise on Liability So Mitch McConnell and the senate Republicans want blanket employer liability protection as the price of another round of economic support. They have this leverage because Democrats kept postponing their agenda until they were the only ones with a list of things they wanted to spend money on. (This illustrates classic bargaining theory […]
Woke Is Reactionary: The Small Business Lending Edition We live in a drastically unequal society. Everywhere you look you will find injustice, constraint and exploitation. Being a member of a racial or other minority increases the odds you will end up on the short end, so what should we do about it? There’s a progressive […]
This is the same stuff/sh*t, I am seeing in Michigan. I wish I could give them one week of Covid so they could learn. The following is from Digby at Hullabaloo: I just watched another 60 something mask-less Republican woman in Arizona standing in a crowd of others just like herself tell the news media […]
In response to the comment on my last post . . . rolling 7 day average death rates with the peak for each country set to 100. We peaked later than most countries other than Germany, which seems to be making better progress than us. We may be doing as well (or as badly) […]
We seem to be doing comparatively poorly at getting the COVID-19 epidemic under control: Is this a useful metric for measuring progress? To what extent does this reflect policy choices?