Me – Talk: Recent article on Health Affairs I tapped into and decided to present here at AB. The topic? As expressed in the title, return Medicaid to its former self and improved upon by the new Biden Administration. I also have been working on additional posts touching upon the history of the opioid epidemic […] The post Restore Medicaid to Its Former Self Quickly appeared first on Angry Bear. [Read More...]

FDI and the Pandemic
by Joseph Joyce FDI and the Pandemic The ;fluctuations in portfolio capital flows to emerging markets ;over the past year have been well documented. But foreign direct investment (FDI) has also plunged in those countries as well as in the advanced economies. Moreover, FDI faces more long-term challenges than other forms of capital flows. In October the ;Organization […] The post FDI and the Pandemic appeared first on Angry Bear. [Read More...]
Sunak and most Tory MPs do not understand the economics/health trade-off, and many people will die as a result
It is well known and generally accepted that despite warnings from China, Italy and elsewhere, the UK government were late in imposing a lockdown that reversed the march of the virus . That mistake cost tens of thousands of lives, and a severe hit to national output. You might have thought that this colossal error would have made the government fear the virus. Surely mistakes would not be repeated. But as Harvard epidemiology professor William Hanage notes, having not learnt the lessons from its neighbours its now failing to learn the lessons from itself. The Prime Minister, despite getting the virus in a life threatening way himself, is predisposed to tell good news stories, and so was too eager to relax the lockdown. Sunak egged him on, thinking… [Read More...]
Covid related deaths to accelerate
The Centers for Disease Control and Prevention has a dire warning about what is to come for the COVID-19 pandemic, according to its latest ensemble projections. The agency believes that as many as 92,000 Americans will die from COVID-19 in the next three weeks despite the rollout of the vaccine. This represents a 25% increase in total COVID-related […] The post Covid related deaths to accelerate appeared first on Angry Bear. [Read More...]
Why do some find the economics/health trade-off so hard to get? Because it’s like the Phillips curve.
The distinction between the short run and long run traditional Phillips curve (not the New Keynesian variety) is so ingrained in economists that it seems obvious to us. We sometimes forget that it took many years for policymakers to understand it. I think something similar is happening with the economics/health trade-off in this pandemic. There is undoubtedly a short term trade-off between imposing greater restrictions (in extremis, lockdowns) to improve health outcomes (a good) and the negative effect that has on the economy (a bad). In much the same way as there is generally a short term trade off between expanding the economy to reduce unemployment (a good) and getting higher inflation (a bad). But in both cases that is not the end of … [Read More...]
Programming note
by New Deal democrat Programming note ; Four year ago I wrote a valedictory piece about the Obama Administration, and separately wrote of my fears of what the Trump Administration would wreak. Needless to say, especially in light of events of the past week, I intend to do the same retrospective as to Trump and […] The post Programming note appeared first on Angry Bear. [Read More...]
Fiscal policy during and after the coronavirus pandemic
This post was partly inspired by this recent seminar, but also by thisexcellent paper from The Resolution Foundation. Apologies for the length, but there is a lot to cover. This post is in five parts. The first looks at how our understanding of fiscal policy has evolved over the last decade or so. It is an essential background to how fiscal policy should be employed during the pandemic. The second looks at fiscal policy support during the pandemic. The third looks at what could be quite a short period between when the pandemic is effectively over as a result of mass vaccination, and when the economy has fully recovered. The fourth asks whether, once the economic recovery is complete, we should attempt to gradually reduce the debt… [Read More...]
Impeachment, again
I want to revisit my earlier post on impeachment. ; I am more inclined to support impeachment today than I was 6 days ago, although it is still far from clear that impeachment makes sense. ; Trump has done great damage to this country by making clear that congressional Republicans will allow a lawless, authoritarian president who […] The post Impeachment, again appeared first on Angry Bear. [Read More...]
COVID, the US election and media balance
I want to start with my last post. It contrasted a minority of countries that were good, were not too bad and the majority that were terrible at handling the pandemic. What surprised me was how willing people were to believe that each of the good countries had some special attribute that explained their superior performance, rather than accept the more obvious explanation that they had more practice at handling pandemics, or just had better governance. These countries that have handled the pandemic well knew that you needed a good TTI operation, you needed to keep case numbers low, you needed strong border control and in most cases that if you lose control of case numbers you lock down quickly and hard. The UK has failed on… [Read More...]
Simple Commenting Practices at Angry Bear
Commenting Information & Practices We do not see every comment made on every post. We are also not at Angry Bear all the time. Notify us about offensive, discriminatory, etc. comments. Dan, Eric or myself will review them and take action if needed. Understand, we do not see everything. Confine your actions to reporting. Try […] The post Simple Commenting Practices at Angry Bear appeared first on Angry Bear. [Read More...]
Whack ’em and stack ’em.
SOURCE: Funny Economist – Randall Parker’s Completely Serious Macroeconomics Blog – Read entire story here.
You’ve Already Seen These Questions
You’ve Already Seen These Questions Why is it that no existing society, nor society that ever existed, has arrived at universal prosperity, considering that in all times, and in all societies, excepting only the very barbarous, a few years would naturally have led to it? How is it that notwithstanding the unbounded extent of capital, […] The post You’ve Already Seen These Questions appeared first on Angry Bear. [Read More...]
Getting the Shakespearean Part Right
Getting the Shakespearean Part Right ;At his rally before the invasion of the Capitol, Trump said to his minions: And after this, we’re going to walk down and I’ll be there with you. We’re going to walk down– We’re going to walk down. Anyone you want, but I think right here, we’re going to walk […] The post Getting the Shakespearean Part Right appeared first on Angry Bear. [Read More...]
Trump tries to incite a putsch, and his UK cheerleaders reveal their own contempt for democracy
It appears as if the Facebook ban on referencing this blog has been lifted. Many thanks to all those who complained to Facebook. I doubt I will ever know who persuaded them to ban it. Would be democratic dictators, elected heads of state who want to ensure they can never lose an election, should know the first rule to staying in power. It is to control a sufficient amount of the media. Convincing your faithful that the mainstream media is fake news is not enough. What that sufficient amount is will depend on many factors, including the voting system for President. It may be, for example, that given the advantagesa united right wing socially conservative party has in the UK, control of a majority of newspapers and … [Read More...]
An Appointment I Disapprove Of
An Appointment I Disapprove Of ;While many of them could be more progressive, given that Biden himself is largely a moderate making moderate nods to the progressive wing of the Democratic Party in his appointments, I have largely been not too dissatisfied with appointments made so far by President-Elect Biden. ; My only surprise is that […] The post An Appointment I Disapprove Of appeared first on Angry Bear. [Read More...]
Schmuck!
SOURCE: Funny Economist – Randall Parker’s Completely Serious Macroeconomics Blog – Read entire story here.
Post-Putsch: Why There Should Be Consequences for Enablers of the Capitol Invasion
Post-Putsch: Why There Should Be Consequences for Enablers of the Capitol Invasion ;I usually find myself agreeing with Glenn Greenwald, but not today. ; GG has posted a ;heartfelt warning against overreaction ;to the attempted fur-and-horn putsch at the Capitol Building Wednesday. ; He says the mob trampled on symbols of state power but otherwise did little of consequence, […] The post Post-Putsch: Why There Should Be Consequences for Enablers of the Capitol Invasion appeared first on Angry Bear. [Read More...]
Schmuck too!
Who would say something like that except for some nasty old gink? [Read More...]
Tort
When Fox News and Newsmax recently accused voting machine manufacturer Dominion Voting Systems of rigging the 2020 election results, Dominion quickly and vigorously struck back at the two with a threat of civil lawsuit; a suit claiming that they, Dominion, had been harmed by the actions of Fox News and Newsmax. Consequent Dominion’s filing, Fox […] The post Tort appeared first on Angry Bear. [Read More...]
Fun with Bernie ….if there is such a thing with a Marxist mental midget…
What is scary is that he actually believes the Marxist filth that comes out of his pie hole. As Brett Stephens has said, the young people who support him are too young to remember what socialism did. The older folks who support him are too stupid to understand what it does.”Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” Winston ChurchillCount me out. [Read More...]
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