This is what failure looks like.

This graph starts at the point where 500 cases was reached in each of the four countries. Not shown is South Korea which had its first deaths at the same time as this country. Its total deaths is now at 162 and inching up. Ours stands at 3,170 and skyrocketing. Government dithering and failed leadership are deadly.

MR: A Solution if We Act

https://marginalrevolution.com/marginalrevolution/2020/03/a-solution-if-we-act.html

I’m not sure we need, or even want, a Manhattan Project for coronavirus. Explicitly:

  • We may well learn enough about the virus to mount an effective public health strategy without it; and
  • There are substantive liberty risks in each of the three phases of the approach: test, trace and isolate.

Still, the full-speed-ahead, let-not-a-single-child-suffer crowd, may find some comfort in knowing that a comprehensive technocratic solution is feasible.

Bank of England: Money creation in the modern economy

I sometimes encounter incredulity when I point out that banks create money by making loans, or that this is the source of most modern money. This easy to read paper may be of some interest to those who don’t believe it, but may also be of general interest.

Continue reading “Bank of England: Money creation in the modern economy”

Good thing Northam has stayed above the fray

https://theweek.com/articles/904946/trumps-message-blue-states-battling-coronavirus-drop-dead

I’m sorry, but this is maddening. The governor of Florida, an avowed butt-kisser of Trump’s, gets everything he has asked for, and more. While a governor who speaks the truth (Cuomo, Whitker, DeWine) gets the short shrift. And New York is the current epicenter of the virus in the country.

Continue reading “Good thing Northam has stayed above the fray”

This is a good example of why Trump has zero credibility with actual thinking adults.

https://www.cnn.com/2020/03/29/politics/fact-check-coronavirus-briefing/index.html

He says outrageous things. Especially on Fox News. When confronted with what he has said and asked to explain, he simply lies. Does he think that the damning video has disappeared?

If these so-called briefings seem “political” it is because Trump has chosen to pepper them with his whining, lies, unmerited bragging and partisan nonsense. He is NOT doing “a great job.” His leadership in this crisis is a failure of historic proportions.