Millennials love their Uber, and the sharing/gig economy has been a bright spot for innovative approaches to make cab riding a thing of the past. What’s not to like? Drivers seem to be happy, in that they voluntary agree to work for Uber. Their customers seem to be happy, as they continue migrating away from […]
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“Churches Were Eager to Reopen. Now They Are a Major Source of Coronavirus Cases.” So says the headline of this NYT article. Now I think churches are a risky place for transmission of the virus,* especially through singing. So I’m interested in this argument. Major sounds like churches are a big part of the problem […]
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I can still remember vividly my first conversation about how hard the effects of racism are on African-Americans. It was about 1995 and I was stationed in Colorado Springs. I was a senior Captain, talking with a black major and another white major during a break (perhaps lunch, but it was at the office). This […]
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Oh very young, what will you leave us this time?
13 Jun 2020
So begins Cat Stevens song from the ‘70s Oh very young, what will you leave us this time, You’re only dancin’ on this earth for a short while, And though your dreams may toss and turn you now, They will vanish away like your dads best jeans, Denim blue, faded up to the sky, And […]
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In continuing the discussion of the false dichotomy, I still see the inevitable question from media types (both regular and social) asking basically why doesn’t Mr. Trump edict to the red state yahoos that are not taking this seriously. After all, science must be the arbiter of this decision. I think its important to remind […]
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Is anybody else frustrated at the false dichotomy that is continually talked about of whether we reopen again and when? When the reality is that we must reopen and the question is how? Even in a shut down, which does have remarkably lower economic activity, we still eat, we still consume resources, and those resources […]
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Bailout vs Bankruptcy
26 Apr 2020
The debt buildup continues to melt up, with another $483B in “stimulus” heading somewhere, after the previous $2T. And there will be more–count on it. And that doesn’t include the Fed’s monetary “whatever it takes” policy of buying bonds and other assets, to include state and local government debt. Fed assets are up over $2.5T […]
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Let’s not Waste the Coronavirus Crisis
16 Apr 2020
You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before. Rahm Emanuel Progressives boldly suggested that the 2008 financial crisis should not go to waste. As Rahm Emanuel argued, it was possible to use it as a […]
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Coronavirus. Is God still Good?
25 Mar 2020
Even as the health care crisis continues, and the Federal Reserve and the Congress and Administration are throwing everything they can to stop the bleeding, I want to stop and reflect on the bigger picture. On Monday, Al Mohler had a discussion on the difference between natural and moral evil, classifying the Coronavirus as a […]
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The Trump Administration continues to flounder in deciding what is needed to keep the economy going in the midst of the ongoing pandemic. Do we give everybody a check? How about a payroll tax cut? The difficulty arises from the very nature of this crisis and the abject misunderstanding of economics that macroeconomic theorizing has […]