The Angry Bear

For months now, hard-core libertarians have been crusading against covid lockdowns in uncompromising terms.  This is a topic that merits careful study, but let’s take a brief look at some of their arguments, focusing on Australia. The libertarian case against lockdowns can be summarized as follows: Benefits:  The benefits of lockdowns are low, because 1) covid is not terribly dangerous to begin with (not much more dangerous than seasonal flu,...

by New Deal democrat Lending supply and demand both increased in Q2 The June JOLTS report will be posted at 10 am eastern time (Dan here…Aug. 9) While we are waiting for that, here is a link to my update on the Senior Loan Officer Survey, which is a long leading indicator, which was posted at Seeking Alpha. Easier lending standards, and increased demand for loans, is a strong positive for the economy going out 12 months.As usual,...

June Job Openings at Record High after May Record Revised Higher; Commenter RJS from MarketWatch 666; Record Low Layoffs; Hiring, Quitting, Retiring All Much Higher The Job Openings and Labor Turnover Survey (JOLTS) report for June from the Bureau of Labor Statistics estimated that seasonally adjusted job openings rose by 590,000, from 9,483,000 in May to 10,073,000 in June, after May’s job openings were revised 274,000 higher, from 9,209,000 to...

Kamikaze anti-vaxers, Infidel753 blog INFIDEL753, Portland, Oregon, writes at a blog of his own name Infidel 753. Describes himself as an individualist, transhumanist, socialist, atheist, liberal, optimist, pragmatist, and regular guy — it has been my great good fortune to live my whole life free of “spirituality” of any kind. I know Infidel from Crooks and Liars. He posted many of our topics at Mikes Blog Round Up whenever he was in charge....

Economist Farmer Michael Smith continues his take on Agricultural Economics. The Golden Seed . . . “Drought Resistance by Engineering Plant Tissue-Specific Responses” ____________ I’ll cut to the chase, for centuries we have been searching for the golden goose to lay the golden egg. This search for perfection in an imperfect world leads our collective minds to continue to seek out this perfection, or some amalgamation or imperfect things that...

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by David Zetland Review: Shop Class as Soulcraft I can’t remember who recommended this 2009 book (subtitle an inquiry into the value of work) by Matthew B. Crawford, but I have been recommending to many people — whether they have rough or soft hands. The hook: Crawford got a PhD in political philosophy (U Chicago). After getting a job at a think tank, he decided that work was neither tangible nor useful. So he bought a motorcycle repair...

Antivax Memes  Based on various sources, including the recent NY Times podcast with interviews of vaccine resisters/hesitant, here’s my list of common elements. 1. Assuming the sole criterion for whether to take the vaccine is its effect on your own health—not taking into account whether you may infect someone else.  Antivax people nearly always justify their choice in terms of their perceived risk of getting Covid and the personal risk posed...

The most common proposals for pressuring people to vaccinate involve either vaccine mandates or vaccine passports.  As some of the comments on my previous post suggest, there is another option, viz., making the unvaccinated responsible for the cost of their covid treatment. In theory, this can be done either by denying insurance coverage to people who are unvaccinated without medical justification, or by raising health insurance premiums for...