Airline Bailouts Destabilize the Economy and Inflate Asset Prices
Instead of planning for hard times, these corporate welfare machines called “airlines” use resources to inflate stock value and pad executive salaries
Instead of planning for hard times, these corporate welfare machines called “airlines” use resources to inflate stock value and pad executive salaries
The quality of the models being used by politicians to set COVID-19 policy is only as good as the data collected. Unfortunately, the data is not very good. Meanwhile, real costs arise from the ruined economy
There is a misconception among critics of the COVID-19 lockdowns that they’re being imposed over the howls of the local population, which wants freedom. If only that were true
If buyers aren’t allowed to compete in terms of prices, they’ll be forced to compete in terms of time waiting, distance traveled, or other real costs
A healthcare system based on responsible risk management systems would provide market incentives for people to improve health while cutting costs for some needy populations
A notorious report he penned for the Ford administration called for dramatic reductions in population growth across developing nations, however
Uniquely among all the planets, Uranus is tilted at about 98 degrees
Density and temperature measurements together helped scientists figure out wind speeds
Modern central banks have already moved far beyond what was once considered the proper role for a central bank as a “lender of last resort.” Now Keynesians and MMTers want to take things even further
How much must total mortality increase to justify a global suspension of commerce and the rule of law? One percent? Ten percent? And what if overall mortality doesn’t even go up?
The calls to apply for a one-size-fits-all approach to this problem is herd mentality
Thanks to regulations and a lack of a private spending, Italy’s healthcare system had very limited capacity even before the current crisis
Another arrest of someone who’s ‘socially distant’ in public until apprehended by police
During the COVID-19 pandemic, this difference in thinking causes them to wrongly accuse economists of “prioritizing money over lives.”
It will be followed by the “Super Flower Moon” on May 7, 2020, which will be the fourth and final supermoon of the year