Archive for 2020

WELL, YES: “We have to accept that the spread of novel coronavirus is one of the negative consequences of globalization and the global mobility of people it brings with it.”

HMM: The US’s COVID-19 Death Rate Is Far Below the Rates in Italy and Spain. I wouldn’t get too excited about this. My guess is that it’s a combination of (1) Lag, since the disease got here later thanks to the early travel ban with China, and people usually don’t die until three or four weeks after they’re infected; and (2) the US having more ICU beds per capita, so that it will take us longer to hit the saturation threshold above which the mortality rate goes way up (I think this is the big difference, actually). I’d love to be wrong, but I think that’s what’s going on.

CONGRESS IS MOVING AT THE SPEED OF PELOSI: Pelosi: We’ll take up the bill on Friday after recalling the House.

Just think of the media as Democratic Party operatives with bylines to understand how they would be covering Congress’s Pangaea-esque pace if it were led by a Republican:

UPDATE (Charlie): You all do realize they could pass it by unanimous consent without recalling the house?

CORONAVIRUS BILL TEXT AND TITLE-BY-TITLE SUMMARY: Go here for the complete bill text. Go here for the title-by-title summary. Prediction: Lots of “gems” buried in this bill won’t be discovered for months.

MICHAEL LIND: The Pandemic is an Alien Invasion.

As in a 1950s science fiction movie, the war against the alien invaders will be won by the combined forces of mobilized science and industry. The role of economic policy is secondary and has two purposes: providing wartime resources to science and industry and cushioning the collateral economic damage done by the government’s order that everyone hide from the aliens.

That’s not what we’re doing now. In battling the coronavirus, America’s political leadership is making two harmful mistakes. One mistake is focusing on the indirect economic consequences of the measures taken to slow the pandemic while neglecting the urgent need to contain and neutralize this lethal microbe. The other mistake is trying to deal with the crisis by means of ordinary legislation, rather than delegating authority temporarily to a bipartisan agency which can carry out fiscal policy quickly, backed up by the Fed with monetary policy.

Too few opportunities for corruption and graft.

9/11 HASN’T MADE US PREPARED: New York City has identified about twenty thousand cases of Coronavirus (pdf file). That’s everyone who has tested positive. It’s not clear how many of those patients require hospitalization, but it’s almost certainly less than 20% (and probably more like 5%). Let’s use the 20% figure as the worst-case scenario. The media, social and traditional, is telling us that New York City’s hospital system is buckling. If so, it’s buckling under the pressure of at most four thousand new, hospitalized patients. New York, as we know, is, along with Washington, DC, the primary obvious potential terrorist target in the U.S. I would have thought with the threat of biological terrorism, dirty bombs, etc., we’d have contingency plans to expand hospitals capacity by tens of thousands quickly. Apparently not. If four thousand or fewer new hospital patients in a week or so can bring down the entire NYC hospital system, we have a serious preparedness problem.

UNEMPLOYMENT CLAIMS SKYROCKET: I’m going to lose it if I hear one more left-wing pundit suggest that being concerned about the economic toll of widespread shutdowns reflects concern about “protecting corporate profits” instead of worrying about human suffering.