Daily Economy
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SimCity-style Modeling Flunks the Real-World Test
“When it comes to predicting the actual mechanisms of the pandemic, including the danger it posed to nursing homes, the modeling approach appears to be functionally useless and catastrophically off the mark.” ~ Phil Magness
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The Struggle Over “Basic Economics”
“If any economist in the classical tradition, from Smith to Hayek, ever argued that free markets and competition yielded “perfect” outcomes, I am not aware of it. But the mathematical and graphical modelling of perfect competition and “supply and demand” stand as the gutted remains of basic economics.” ~ Max Gulker
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Nobel Laureate Michael Levitt on the Lockdowns: “I think it is a huge mistake”
“Michael Levitt is Professor of computer science and structural biology at Stanford Medical School and winner of the 2013 Nobel Prize in chemistry. He has been a close observer of the pandemic and the response from the outset through its movement to Europe, the U.K., and the U.S..” ~ Edward Stringham
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Anti-Lockdowners Win the Numbers Game this Time. What about the Next Time?
“If we make the C-19 argument solely about numbers, we hand the very politicians who created so much economic misery the power to do so again. Let’s not do that.” ~ John Tamny
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Delayed Medical Procedures: Stories from the Front Lines
“The issue of delayed medical care, like countless others, was never mentioned in the glorified plans that public health professionals cobbled together over the last 14 years. They also failed to account for other major consequences, such as the psychological toll of being treated like animals, or riots in the streets.” ~ Jeffrey Tucker
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You Can Stop Rio Tinto Mining…By Paying For It!
“To prevent a mining company from using land sacred to someone else, there exists a payment of money such that the conflict can be resolved. You just have to find it, negotiate it, raise the money – and pay. In the age of vast crowdsourcing and rapid information, that shouldn’t be much of a problem.”…
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Government Controls Will Worsen the Social Media Problem (Video)
“I appeared on the BBC to discuss the huge problems of social media and why Trump’s executive order can only make matters worse. What we need are fewer controls, not more, and a restoration of the original idea of the Internet as a free marketplace of ideas.” ~ Edward Stringham
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As Trust Withers, So Will Humanity’s Progress
“Government is tearing asunder a network of human relationships, a network of exchange fueled by love and trust. For the sake of humanity, by our choices, we must put it back together by our uncoerced and mutual regard for people.” ~ Barry Brownstein
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Give Sweden a B- in Coronavirus 101
“The experiences in nursing homes have varied. Let us learn from them without politicizing them. Nursing homes present challenges that call for particular solutions, to be undertaken chiefly by people who are close to those to be protected.” ~ Daniel B. Klein & Charlotta Stern
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How the Religious Mind – vs Political Arrogance – Copes with Death
“If policymakers had serenity, courage, and wisdom, 40 million Americans would still have their jobs or small businesses and Jesus would have approximately the same number of American dance partners as He does now.” ~ Robert Wright
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•
SimCity-style Modeling Flunks the Real-World Test
“When it comes to predicting the actual mechanisms of the pandemic, including the danger it posed to nursing homes, the modeling approach appears to be functionally useless and catastrophically off the mark.” ~ Phil Magness
-
•
The Struggle Over “Basic Economics”
“If any economist in the classical tradition, from Smith to Hayek, ever argued that free markets and competition yielded “perfect” outcomes, I am not aware of it. But the mathematical and graphical modelling of perfect competition and “supply and demand” stand as the gutted remains of basic economics.” ~ Max Gulker
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•
Nobel Laureate Michael Levitt on the Lockdowns: “I think it is a huge mistake”
“Michael Levitt is Professor of computer science and structural biology at Stanford Medical School and winner of the 2013 Nobel Prize in chemistry. He has been a close observer of the pandemic and the response from the outset through its movement to Europe, the U.K., and the U.S..” ~ Edward Stringham
-
•
Anti-Lockdowners Win the Numbers Game this Time. What about the Next Time?
“If we make the C-19 argument solely about numbers, we hand the very politicians who created so much economic misery the power to do so again. Let’s not do that.” ~ John Tamny
-
•
Delayed Medical Procedures: Stories from the Front Lines
“The issue of delayed medical care, like countless others, was never mentioned in the glorified plans that public health professionals cobbled together over the last 14 years. They also failed to account for other major consequences, such as the psychological toll of being treated like animals, or riots in the streets.” ~ Jeffrey Tucker
-
•
You Can Stop Rio Tinto Mining…By Paying For It!
“To prevent a mining company from using land sacred to someone else, there exists a payment of money such that the conflict can be resolved. You just have to find it, negotiate it, raise the money – and pay. In the age of vast crowdsourcing and rapid information, that shouldn’t be much of a problem.”…
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Government Controls Will Worsen the Social Media Problem (Video)
“I appeared on the BBC to discuss the huge problems of social media and why Trump’s executive order can only make matters worse. What we need are fewer controls, not more, and a restoration of the original idea of the Internet as a free marketplace of ideas.” ~ Edward Stringham
-
•
As Trust Withers, So Will Humanity’s Progress
“Government is tearing asunder a network of human relationships, a network of exchange fueled by love and trust. For the sake of humanity, by our choices, we must put it back together by our uncoerced and mutual regard for people.” ~ Barry Brownstein
-
•
Give Sweden a B- in Coronavirus 101
“The experiences in nursing homes have varied. Let us learn from them without politicizing them. Nursing homes present challenges that call for particular solutions, to be undertaken chiefly by people who are close to those to be protected.” ~ Daniel B. Klein & Charlotta Stern
-
•
How the Religious Mind – vs Political Arrogance – Copes with Death
“If policymakers had serenity, courage, and wisdom, 40 million Americans would still have their jobs or small businesses and Jesus would have approximately the same number of American dance partners as He does now.” ~ Robert Wright