Our policy on fights between the US and China, until now, has been to avoid them, regardless of the merits. On the coronavirus, both are badly at fault, arguably the US more so. And there’s no obvious reason why Australia has any special interest in working out who is to blame.
I was contacted by a Greek language newspaper with questions about the next steps in economic policy. On the assumption that most of my readers don’t read Greek, I’m posting my response here
A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. I’ll open this by saying I agree with the view that even an optimal response to the pandemic by China would have given the world only a few days more notice, and that most Western governments would have wasted that time anyway.
As the author of a book on opportunity cost, I might be expected to be enthusiastic about the idea that trade-offs are always important in economic and policy choices. This idea is summed up in the acryonymic slogan TANSTAAFL (There Ain’t No Such Thing As A Free Lunch).
Most of us are six weeks or so into some kind of lockdown by now, so it would be interesting to read some comments on our experiences. From the discussions I’ve had (almost entirely online rather than in person) my perception is that people with office jobs and no kids at home are finding it much easier than might have been expected, but that those with kids at home are finding it every bit as hard as you would think.
I haven’t done a fundraiser for a while, but this seems like a good time. Like everything, the Brissie to the Bay cycle fundraiser for Multiple Sclerosis isn’t going ahead as usual. It’s been replaced with a challenge where participants record their own efforts and set targets for distance and fundraising. I aim to cycle at least 400km in June (my average is around 200), and raise $1000 or more in the process.
Back again with another Monday Message Board.
Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link
In the last few days, there have been quite a few reports of studies suggesting that the number of people who have been exposed to Covid-19 is far larger than previously thought. These studies have been based on testing for antibodies against coronavirus (it is unclear whether they are specific to Covid-19, or might reflect exposure to other coronaviruses).
That’s the headline for my recent piece in Inside Story, responding to statements from the IMF that “the world is about to experience the worst recession since the Great Depression”. My complaint isn’t so much about the numerical estimates made by the IMF (which are actually optimistic) but about the framing in terms of the Great Depression.
A couple of days ago, Adam Creighton had a piece in the Oz, downplaying the risks of the coronavirus pandemic, under the headline “Under 60, in good health? Crossing the road is more risky” Authors don’t choose headlines, but in this case, it’s an exact quote from the article.