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Well … as long as people will buy federal bonds at a negative interest rate, all we have to do is restore mid-level growth (2.5 - 3%) in the long run (10 years) and we'll not only pay off the debt, but run a small profit out of the transaction. I'm pretty sure my grandkids can live with that.

Some here have poo-poo'ed the idea of US economic growth not recovering from 2007-8. Here's the graph: That gap between the trend and the actual growth in per capita GDP amounts to better then $5T. And see that the present trend line is nowhere close to the slope of the line before 2007-8. We...

I'm not surprised. Fromm doesn't have a "pro arm". Oth, neither did Joe Montana. Fromm reminds me a lot of him: no better then a medium depth arm, good accuracy, decent pocket movement, good at spotting secondary receivers. We'll have to see how he works out. Probably a bit early to crow...

I sympathize. The best thing to do, in my experience, is to look to peer revieved work. Admittedly, this is a problem with research on COVID-19 and its impact, since so much of the work is an afterthought to clinical efforts and won't be examined closely until the house isn't on fire. All the...

What I'd worry about is how coaches are supposed to evaluate senior players without a senior season. And I'm pretty sure there won't be one. Of course, you could use their junior films and I suppose we'll have to go with that, just like everybody else. To see the dangers in this, compare Gibbs's...

Now, come on. Are you saying that you don't believe sound analysis from experts because they are sometimes wrong about their predictions? You can't be that naive. Experts are wrong all the time; the question is whether they are right more then they are wrong and whether the 'fess up. Krugman...

Remind me, if you would, of any scientist, not just any social scientist, whose decisions about what to study and what part of their findings to emphasize is not influenced by their personal predilections. That has never been the criteria for assessing scientific truths. The criteria is...

Look at this and follow and read the links: https://krugman.blogs.nytimes.com/2014/11/15/the-unwisdom-of-crowding-out-wonkish/ Right now, we are running gigantic amounts of debt - and we were running them even before the virus hit. The reason is simple enough: the economy has never recovered...

Read what Krugman says, then read the piece again. I attached the pdf, you know.

You may have heard of the pres deciding to snd the Air Force and Navy airshow teams to do flyover shows in US cities. Here's the inspiration for that: Unfortunately for us we don't have a tricolor flag to make it easier. Or Luciano Pavarotti to sing in the background. It's "Nessun Dorma" from...

Well, if I knew that it was unlikely that my team was going to play any games this year, I'd talk about the frosh too. After all, they'll be a year older when they first get on the field and it would be a good idea to get them enthusiastic about staying until they do. And who knows? Maybe one of...

It did, economically. Look again. We do. Look again at recent inflation and growth figures. Manufacturing was already in the dumper by the 1980s, largely because You-Know-Who decided that we needed a "strong dollar". But, in fact, the economy has survived the slow decrease in manufacturing...

No! We have been on a low growth path since 2007-8. Neither the US or the rest of the world have recovered from that yet. And the cash we give people right now (here, at least) is not what you call a princely sum. Further, many of us are hunkering on expenditures. There's no real danger of...

Well … he did predict the EU collapse and way before anyone else, he was right about deflation (you do know that we are still in a deflationary economy, right?), and he was right about globalization (it has been good for US workers and the economy overall and bad for certain groups). I don't...

I don't know about you, but every kid in my neighborhood got shut down most of the day every summer. Also, polio was a much different disease then this one. It tended to crop in pockets with no discernible pattern (except that it had a slight tendency to reappear in places it had been before)...

On Krugman always being right.......my Harvard MBA professor told us that Websters should include under the definition of economists, those who are almost always wrong! Well, in predictions for some things (recessions, growth rates), yes. They are a good deal better then the rest of us when it...

Sorry, I was having trouble with posting replies here. I had - I thought - eliminated a reply to your post. I looked at it again and saw nothing to contend with.

You could be right. I think it is more likely that we didn't develop a vaccine for HIV because we developed effective anti-viral drugs for it. If you can live a normal life span with HIV by taking drugs regularly, then there's very little incentive to do a full scale effort to develop a vaccine...

Here's something encouraging (for me, at least). See: https://www.vox.com/2020/4/22/21228651/opening-up-save-economy-trump-coronavirus-pandemic-shutdown Look at the table. Demand had already cratered for service industries before the shelter-in-place orders went into effect. We might see a...

No. This has been another in a series of simple answers to simple questions.