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It Only Gets Worse From Here

It Only Gets Worse From Here

How bad is it? That is the question on everyone's mind as we come to grips with the economic carnage caused by global economic shutdowns, supply chain disruptions, and ongoing quarantines of million of people. Do we face another Great Depression, or simply a deep...

News Roundup 5/13/20

News Roundup 5/13/20

Coronavirus Hundreds of millions of people will be thrust into extreme poverty by the COVID shutdowns. The starvation caused by economic disturbances may kill more people than coronavirus. [Link] Military contractors are hiring as tens of millions of Americans in...

The Heroes And the Statistics

The Heroes And the Statistics

Recently in the Australian state of Victoria, four police officers died in a tragic crash.They will forever be mourned. As police officers, by default in death, they are heroes. The news finds a moment to report on the event with sorrow. They are human beings, sons,...

We Don’t Need a Cure to Reopen

We Don’t Need a Cure to Reopen

Back on March 19th, 2020, I pointed to this piece by Pierre-Olivier Gourinchas at my blog – Coordination Problem — where he states very clearly the reality constraint in public policy deliberations in the current coronavirus crisis. Without committing one way or...

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