The Angry Bear

Welcome to the vaccination Hunger Games That, dear reader, is a slight variation on what my sibling unit said to me when I related the saga of my attempts to schedule a COVID-19 vaccination. As I have mentioned from time to time, I am an Old Fossil. And, well, the supply shortage of the COVID vaccines has set off a fierce (if anything involving Old Fossils can qualify as “fierce”) competition for very limited appointment slots. What your...

Tags: open thread

Is Bitcoin Really Real Money? Ontological and Epistemological Questions  The movement to make Bitcoin into a de facto form of money has taken a step forward when Elon Musk declared that he would be purchasing over a billion btc.  Some are claiming that Musk did this to pump up an alternative asset because Tesla stock is overpriced and may fall hard soon.  But who knows? Anyway, although btc fell today, it has reached dramatic new highs well over...

Impeachment: What’s the Message? The mantra of the moment is that impeachment is not a trial and shouldn’t be governed by the same rules that apply to a court of law.  True, but that means it’s really a political event, where the verdict matters less than the message. What’s coming through the media reporting is “Trump incited a riot.”  Well, he did, more or less, but that just means he’s a bad person.  It’s not news that Trump is a pretty...

Joel Eissenberg, Professor of Biochemistry and Molecular Biology and Associate Dean for Research at Saint Louis University School of Medicine.  In Our Image: The Ethics of CRISPR Genome Editing , Joel C. Eissenberg, De Gruyter | 2021 Humanity has been busily modifying plant and animal genomes for centuries. It has long been a dream to speed up and target that process. Additionally, the promise of molecular cloning included the hope of curing...

Normalizing Foreign Trade Relations  The Biden admin has not yet made moves to undo elements of Trump’s trade war, and some parts of it may not get undone, perhaps especially some directed at China.  But at least one move towards normalization with the rest of the world has just happened as the Biden admin has agreed to let the individual nominated to lead the World Trade Organization (WTO) take office. This is Ngosi Okunjo-Iweala, not only a...

We made many mistakes in our response to the coronavirus over the past year.  One of the most critical was our failure to massively expand our capacity to produce coronavirus tests and masks and other PPE.  As many economists including Paul Romer noted last spring, mass testing and wide distribution of high quality masks would probably have allowed us to crush the virus and return to something close to normal life even in the absence of a vaccine. ...

Before Science, treating the symptoms of an illness was all we had. Along our way, using trial and error, we found a few things that worked. The big breakthroughs came when we started to look for the causes of an illness. The association of an illness with toxins was deducible. Then, as we knew more and could see farther, we found that most of our physical illnesses were caused by such other things as bacteria, and viruses. Still and yet, we see...

Several comments on my last post on the economic difficulties of the people who attacked the Capitol took aim at their characters in one way or another. I certainly do not want to defend the Capitol invaders in any way.  I think they should be vigorously prosecuted.  However, it is critically important to step back from the violent horror of the assault and think strategically about how we can use public policy to reduce the risk of political...

The Slightly Less Than August Back in the days of Adm. Rickover’s Navy, we were taught the technical term CRUD for the radioactive metallic deposits found in the reactor’s coolant system, that the word stood for Chalk River Undetermined Deposits, Chalk River being a river in Canada with a Nuclear Lab named after it, which was mostly true excepting maybe the part about heavy water. This was long, long before the Republican Party started sending the...