Mike Norman Economics

The low fatality figures for COVID-19 are meaningless. If a city has lots of young people then the fatality rate is low, but if a city has a lot of older people then the fatality rate is high.Study challenges reports of low fatality rate for COVID-19

LOL!  Loonie lefty losers fellow TDS deranged hero Maher busting Nervous Nancy on all the "funny money!"....  can't make it up!Yeah fiscal transfers are going to reduce consumption component!  LOL!!! WATCH: Maher presses Pelosi on coronavirus spending: "Funny money" may collapse economy into depression https://t.co/Lsdwk3eeVa pic.twitter.com/V42wDOAhB6 — The Hill (@thehill) April 25, 2020

Wow: Democrats are considering proposing a new round of direct cash payments to U.S. households and extending a similar benefit to the smallest businesses, as they struggle to get federal loans.  Wyden, the top Democrat on the Senate Finance Committee, wants to extend those cash payments to what he calls “the smallest of the small businesses.”  Wyden’s plan, and a similar proposal in the House, would give small businesses up to $75,000 as they struggle with closures and drop-offs in...

This is good news, although some older people have died because it spread through care homes. But shutting down the economy risks lives too in the long run.The impose a lockdown amid the coronavirus outbreak. The strategy — aimed at building a broad-base of immunity while protecting at-risk groups like the elderly — has proved controversial. But Sweden's chief epidemiologist has said "herd immunity" could be reached in Stockholm within weeks. Sweden resisted a lockdown, and its capital...

Sweden's strategy to keep large parts of society open is widely backed by the public. It has been devised by scientists and backed by government, and yet not all the country's virologists are convinced. BBC - Coronavirus: Has Sweden got its science right?

This disease is like nothing I have ever seen in my career As a critical care medicine specialist, I am used to seeing the sickest of the sick. I am used to seeing patients with respiratory failure. I am used to seeing patients in shock. I am used to seeing patients gasping for air, with dangerously low oxygen levels. I am used to seeing patients in kidney failure. Never, however, have I seen patients as sick as those with COVID-19. What I’ve Learned Treating Patients Suffering From...

This is their objective. Privatization of public assets. Won't keep a country whole. Invest and trade using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Academic Agent – a YouTube libertarian and unusually ignorant advocate of Austrian economics – tries to refute Modern Monetary Theory (MMT) in this video:… Let us run through this video and refute Academic Agent’s arguments point by point: Social Democracy For The 21St Century: A Post Keynesian PerspectiveA Refutation of Academic Agent’s “Debunking Modern Monetary Theory (MMT)”Lord Keynes

Do I want to be quoted as saying this estimate is pretty good? Or that it’s flawed? I don’t know. There’s no data, no report. Based on the news report, the study seems to have been conducted by the state health department, and that sounds like a good sign. In general I’ll have more trust in a study from the state health department than from some Stanford professors. I’m not joking here: the health department are professionals and they don’t have the same incentives that academics have to...

From Black Knight: More than 3.4 Million Homeowners – 6.4% of All Mortgages – Now in COVID-19-Related Forbearance Plans According to Black Knight’s McDash Flash Data Set Calculated RiskBlack Knight: More than 3.4 Million Homeowners Now in COVID-19-Related Forbearance PlansBill McBride