The obvious tell about inflation that lots of goods that have nothing to do with supply chains: housing, bitcoin, Gamestop stock (now trading at $237 nearly a year after being meme up from the under $20 range), are all skyrocketing in unison.
However, I do think John shouldn't make reference to sending people checks. The pandemic money is indeed at fault, but the checks to individuals, the least objectionable piece of the bailout, were by far not the largest. When we start pinning the blame for inflation its important that the bailouts to business, state/local government, and special interests remain front and center as culprit.
I agree with Alexander's thesis on Ivermectin and would argue that this is supportive of and argues for therapeutics to treat Covid. Here's why. When the immune system is attacked the body is challenged by any germ & parasite that threatens it. Consequently, any treatment that reduces germs and aids the immune system in fighting germs, is beneficial. Steroids, antivirals, antibiotics, vitamins, etc. In balance we should expect these to be constructive to recovery.
Also, is it not interesting that claims of "100%" therapeutic success are challenged but claims of "100%" vaccine success are defended by the "experts" despite clear evidence such efficiency is overstated? But here's the rub. Nearly everyone survives Covid. Really! Everyone in my family and spouses family from ages 93 to 3 weeks has so far survived the pandemic. By this sample, we can argue that a cup of water everyday is 100% successful at treating Covid
I am confident there are many health clinics that have 100% success treating Covid. Maybe, what we should be looking at is the facilities that are unsuccessful at treating Covid! Why did they fail? I think examining this question would yield information that would sadly shock and dismay us.
What do you think of Cowen's and Altman's change of mind - that, based on corona payouts and "lockdowns" experience, UBI might not be such a great idea?
Arnold, you have said a number of times in a number of places that you think the epistemic status of most of macro is quite poor. What makes inflation so well understood?
The obvious tell about inflation that lots of goods that have nothing to do with supply chains: housing, bitcoin, Gamestop stock (now trading at $237 nearly a year after being meme up from the under $20 range), are all skyrocketing in unison.
However, I do think John shouldn't make reference to sending people checks. The pandemic money is indeed at fault, but the checks to individuals, the least objectionable piece of the bailout, were by far not the largest. When we start pinning the blame for inflation its important that the bailouts to business, state/local government, and special interests remain front and center as culprit.
I agree with Alexander's thesis on Ivermectin and would argue that this is supportive of and argues for therapeutics to treat Covid. Here's why. When the immune system is attacked the body is challenged by any germ & parasite that threatens it. Consequently, any treatment that reduces germs and aids the immune system in fighting germs, is beneficial. Steroids, antivirals, antibiotics, vitamins, etc. In balance we should expect these to be constructive to recovery.
Also, is it not interesting that claims of "100%" therapeutic success are challenged but claims of "100%" vaccine success are defended by the "experts" despite clear evidence such efficiency is overstated? But here's the rub. Nearly everyone survives Covid. Really! Everyone in my family and spouses family from ages 93 to 3 weeks has so far survived the pandemic. By this sample, we can argue that a cup of water everyday is 100% successful at treating Covid
I am confident there are many health clinics that have 100% success treating Covid. Maybe, what we should be looking at is the facilities that are unsuccessful at treating Covid! Why did they fail? I think examining this question would yield information that would sadly shock and dismay us.
What do you think of Cowen's and Altman's change of mind - that, based on corona payouts and "lockdowns" experience, UBI might not be such a great idea?
Arnold, you have said a number of times in a number of places that you think the epistemic status of most of macro is quite poor. What makes inflation so well understood?