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

COVID-19 progress, take 2

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) […]

Coronavirus dashboard: emphasis on testing

(Dan here…NDd’s post points to more than the impact of the US catching up in testing only recently, but also points to beginning answers readers have asked in comments about what the statistics show regarding re-opening and where we might be failing to report. ) Coronavirus dashboard: emphasis on testing I want to focus this […]

RIP Oliver Williamson

RIP Oliver Williamson Oliver Williamson died yesterday at age 87, I do not know of what. He was famous as the main developer of New Institutional Economics, following the influence of Ronald Coase, which emphasizes the role of transactions costs in the formation and development of economic (and some other) institutions.  He received the Nobel […]

Bad news and good news on coronavirus; plus, implications for Election Day

Bad news and good news on coronavirus; plus, implications for Election Day No economic news today as we head into the Memorial Day weekend, but there are a few coronavirus and economic/political developments of note. First, the bad news: the declining trend in new diagnosed cases of coronavirus in the US has stopped in the […]

How Large is the Income Shifting Problem?

How Large is the Income Shifting Problem? I took up this invitation from Dan Shaviro: tomorrow morning I’ll be participating in a very interesting international tax policy conference with a number of outstanding participants. It’s on Zoom … I’m actually the second speaker on Panel II (although we’re listed above alphabetically), so I will be speaking from […]

Initial jobless claims: employment damage continues to spread

Initial jobless claims: employment damage continues to spread Now that there is more than one month of data from initial and continuing jobless claims since the coronavirus lockdowns started, we can begin to trace whether the economic impacts of the virus are being contained, or are continuing to spread out into further damage. Nine weeks […]