Tag Archives: Taxes/regulation

Woke Is Reactionary: The Small Business Lending Edition We live in a drastically unequal society.  Everywhere you look you will find injustice, constraint and exploitation.  Being a member of a racial or other minority increases the odds you will end up on the short end, so what should we do about it?  There’s a progressive solution, to change the system so injustice, constraint and exploitation are minimized.  And then there’s the woke solution, to...

New coronavirus cases vs. testing in “reopened” States Are new coronavirus infections increasing in States that “reopened” on or about May 1? The jury is still out. The number of infections is up in 4 of the 5 biggest States that have done so, but so are the number of tests. The likelihood that most or all of the increase is an artificial of an increase in testing depends on the date on which you start your comparison. I haven’t been able to find graphs...

I am interested in critiquing my understanding of the simplest SIR epidemiological model and also praising a critique of an effort to extend the model and guide policy developed by some very smart economic theorists. First the useful point is that this post by Noah Smith is brilliant. As is typical, Smith argues that the useful implications economic models depend on strong assumptions so economic theory isn’t very useful. He praises simple empirical...

The Greater Good “If they can get you asking the wrong questions, they don’t have to worry about answers.” — Thomas Pynchon, Gravity’s Rainbow Originally written in 2018 on the Save The Post Office blog and featured at Angry Bear in 2019, retired North Carolina Post Master Mark Jamison wrote on the issues facing USPS while in competition with Amazon, UPS, and FedX. The same issue has been brought to the forefront again with President Trump refusing to...

bu Dale Coberly WHAT THE TRUSTEES REPORT REALLY MEANS REALLY “DOING THE MATH” [a few years ago the word “du jour” among journalists about SS was “it’s the math.” Of ourse none of them actually did the math.] [note: i use the tax rate for each the worker and the employer because this is what the worker “sees” and it is what the employer sees. It is also the legally correct division. The Trustees Report usually combines the separate tax rates into one...

The actual US coronavirus trajectory: “flattening the curve” at least until 2021 “Flattening the curve” was not such an appetizing option either, because it meant that *everybody* got infected with the disease during the period of flattening, and so the death toll would still be horrifying, perhaps 1% to 3%. It also meant that the period that the infection would curtail society was extended to several years. Shortly a much better alternative, based on...

Trends in US States compared by coronavirus response I mentioned over the weekend that I wanted to break out and look at some different aspects of the coronavirus pandemic. Here’s the first: how are States at different ends of the restrictions and testing spectrums faring? Seven States have never even mandated lockdowns. Let’s look at these, alphabetically: Arkansas: Iowa: Figure 1 Nebraska: North Dakota South Dakota: Utah: Wyoming: Four of the seven...

Towards a modern “History of Republics”: a consideration of William Everdell’s “The End of Kings: A History of Republics and Republicans” In view of the horrific damage that the Trump Administration has done to the American Republic, during the past year I have done extensive reading of the histories of a number of the most successful or durable Republics over time. The reason has been to try to answer the question of whether there is an overarching...

The Art of Juxtaposition Seen in today’s New York Times in Print:

The Usual Deficit Blather from the New York Times The Times today ran a truly execrable article warning us that, once the virus has passed, we will suffer dire consequences from the runup of government debt.  As most readers know, this argument is theoretically illiterate, derived from the false comparison between household and government debt.  We’ve been through this many times before, and I have nothing to add. I do want to focus on one sentence,...