Category Archives: Uncategorized

How many WELLBYs is the corona panic costing?

How much unhappiness is created by the unemployment of millions of people in Western countries (mainly N-Am +Europe) caused by the corona panic? How much unhappiness has been created due to the vast expansion of loneliness and physical inactivity? And … Continue reading

Posted in Coronavirus crisis, Death and taxes, Democracy, Education, Employment, Health, History, Politics - international, Science, Social, Social Policy, Uncategorized | 27 Comments

It is 1984. A message from London.

People shuffling in the street, afraid to look others in the eye, get close, and be accused. Fear as a silent ghost hovering above the city, watching us, like drones. The panic in the eye of the mother as her … Continue reading

Posted in Art and Architecture, Dance, Life, Society, Uncategorized | Leave a comment

A lament for the corona panic victims.

Spare a tear for millions of poor people around the world. They will no longer have good jobs, good health, or long life. Weep for the poor, the sick, and the old in our own societies. Their hopes, dignity, and … Continue reading

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Defending the economy from coronavirus: the answer is “business lending”, not “stimulus”

Here’s a potentially unpopular proposition: The bulk of government action over the next few months should be directed to keeping businesses alive. Specifically, we need to keep afloat the many businesses with coronavirus-related short-term cash-flow problems. The correct lever to … Continue reading

Posted in Uncategorized | 4 Comments

Time for rationing and state command: a world war on corona needs a war economy

I believe that our political leaders are still underestimating the challenge posed by coronavirus. Radical action is needed to mitigate potential catastrophe. We must accept that the costs of coronavirus will be massive – a chunk of the economy will … Continue reading

Posted in Uncategorized | 15 Comments

The coronavirus beatup

OK, well that heading and graphic were linkbait. I’m a firm believer in my own and everyone else’s ignorance. But here’s some correspondence from someone for whom I have great respect that I received this morning you may wish to … Continue reading

Posted in Uncategorized | 10 Comments

Brexit is not ‘Tot ziens’ (bye bye).

I have little economic insight to add to the various projections made by other economists in Britain about the Brexit scenario that follow under various outcomes of the negotiations with the EU. Like all of them, I think severing trade … Continue reading

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