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Death versus Dollars

Are U.S. COVID Outcomes Better than Europe?

Silvrback blog imageEurope has taken a much harsher economic thrashing from COVID-19 than the United States while suffering fewer deaths. How you rate the pandemic performance of these two great polities thus depends on how you value dollars versus deaths. Arguably, the U.S. has done better than Europe.

Eurozone real GDP in April-to-June 2020 was 15.3% . . .

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July 31, 2020

Hello President Trump: Let’s Not Repeat the Economic Tragedy of the 2010s in the 2020s

If President Trump wants to bring the economy quickly back to full employment, he will have to confront the Establishment wing of his Republican party. The clash – if it comes – will be over Establishment Republican hostility to Silvrback blog imagegovernment spending. More spending will be needed to bolster an economy staggering under the blows of . . .

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June 12, 2020

The Chinese Emperor's New Economic Clothes

All economic data contain errors, but China’s are a work of art. Like its numbers on COVID-19 infections and deaths, its official economic statistics are political artifacts, carefully devised to cloak the failings and trumpet the superiority of China’s one-party Silvrback blog imagepolitical capitalist system over our liberal-democratic . . .

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April 24, 2020

Trade war won't cause recession says Paul Krugman

Yahoo Finance's Dion Rabouin wonders Why Trump's trade war hasn't tanked the market or the economy yet:

Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. But some are wondering why the impact hasn’t shown up in . . .

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June 26, 2018

Archive

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