Tag Archives: coronavirus

“Give me chastity and continence, but not yet,” sighed St. Augustine in his Confessions. Today, as the world reels under the impact of coronavirus, policymakers are at last reaching for tools I have long advocated: helicopter money and Universal Basic Income. And yet, like St. Augustine, I find myself sighing, “Lord, grant us helicopter money and Universal Basic Income, but not yet.”I have spent much of the last decade advocating giving people money. Helicopter money in recessions, to...

Major developments across the globe in monetary and fiscal policy keep happening on a daily basis at present. We are now hearing conservatives, who previously made careers out of claims that government deficits would send nations broke and more, appearing in the media now claiming “We need the state to bail out the entire nation”. Not too many economists are pushing the line that the market will deal with this crisis. They all the want the state to be front and centre as their own personal...

Based on the experiences of other countries, it appears the number of cases per day (and deaths per day) will peak about 2 to 3 weeks after well observed shelter-in-place orders are issued (some areas are reporting less than 2 weeks - that would be great). In some areas of the United States, shelter-in-place orders were issued a week or more ago. In some states and communities, orders have still not been issued. Based on the experience in China, it appears the recovery can start in about...

The coronavirus pandemic and the health and economic crisis Stavros D. Mavroudeas Professor of Political Economy Panteion University Department of Social Policy e-mail: [email protected] blog: https://stavrosmavroudeas.wordpress.com facebook: https://www.facebook.com/stavros.mavroudeas twitter: @ StavMavroudeas Athens, 25/3/2020 A double crisis: health and economic Today, humanity is in the throes of a coronavirus pandemic resulting in a huge health crisis. At the same time,...

Today is Wednesday which means it is my short blog post day. I have been travelling a lot today. By the way, there are still some things which cannot be attended to via the Internet, Zoom or otherwise. As I continue to calculate various things along the way to my 10-point or something plan which I hope to have final by next Monday. But with limited time today as I dodge and weave to avoid the virus, I have been reading a lot of the research literature about modelling epidemics. It is quite...

This is a direct communication from our staff in China. This is what I mean when I say we have boots on the ground around the world. We do not need to rely on newspapers or TV who love to spin these events. Our direct sources are confirming that life is returning to normal in China. This is not coming from any propaganda put out by the government or other accusations people love to make. I have stated plenty of times, I prefer facts – not speculation. I believe this will peak out also by...

Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are trying to get taxpayers to foot the bill for their managerial errors. It is not too late to put a limit on corporate subsidies.... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThe Covid-19 Bailout That Big Business Is Lobbying for Could Make America UnrecognizableMatt Stoller

Tax rebates, tax cuts and business bailouts will not solve this crisis. Here’s what’s needed. NETWhat the Government Needs to Do Next to Tackle the Crisis James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin

This post continues my thinking and analysis of the issues relating to the design of a fiscal intervention by the Australian government to ameliorate the damaging consequences of the coronavirus dislocation. Today, I delve a little bit back in history to provide some perspective on the current fiscal considerations. Further, I consider some of the problems already emerging in the policy response. And finally, I consider the lessons of history provide an important guide to the sort of...

Epidemiologist Larry Brilliant, who warned of pandemic in 2006, says we can beat the novel coronavirus—but first, we need lots more testing. Worth watching.WiredThe Doctor Who Helped Defeat Smallpox Explains What's Coming