The basic point here is a simple one. If the pandemic is out of control, we should be encouraging people to stay home, not to return to work
Dean Baker
If the private sector is not spending enough to fully employ the workforce, then the public sector has to fill the gap. In this case, we don’t need to have make-work jobs, we have enormous unmet needs
Somehow, we have to convince the folks determining policy that God did not create patent monopolies. There are better ways to finance the development of new drugs and vaccines.
Seventy-three percent of the unemployed report being on temporary layoff
If China can in principle develop a vaccine more quickly if it has access to data from labs in the United States then it must also be the case that researchers in the United States could develop a vaccine more quickly if they had data from labs in China and elsewhere
We live in a society where, for the last four decades, those on top have taken every opportunity to game the system to enrich themselves at the expense of everyone else
The good news here is the large percentage of workers who expect to be called back by their employer, but the steps by the government to contain the pandemic and support the recovery are less encouraging
Apparently the New York Times didn’t think it was worth mentioning that the Trump administration’s policies might lead to massive loss of life to protect his ego and industry profits
This is not a zero/one story where there is either zero risk or an intolerable risk, the issue is one of reducing the probability of catching the virus so that more people can feel comfortable engaging in normal activities
The Washington Post is always telling us that debt, especially government debt is bad, very bad. It’s not quite sure why or how, but debt is definitely bad