Economics Of The Election

[star seed 7]

Thanks China!

https://twitter.com/JStein_WaPo/status/1316759116187078656

[MadCat]

The same way Mexico paid for the wall, except China already has a wall.  You see?

[steve dave]

they'll vote for it.

[star seed 7]

I don't think they will. Mitch wants to blame the debt hit on the next senate/biden so they can use it at the '22 midterms.

[steve dave]

they'll do what trump tells them to do

[MakeItRain]

It was all set up for a late October surprise. Trump will sign it on Tuesday, Wednesday, or Thursday of next week and spend the rest of the time bragging about how he saved America. What we should all worry about is Nancy and the rest of the dems shooting themselves in the foot, again, and convince themselves that they don't want to give trump a "win" a week before election day.

[sys]

they'll do what trump tells them to do

not anymore.

[steve dave]

Yeah, I’m turning that direction. I’d really like the stimulus, state funds, and immunity but it’s getting less and less likely because I don’t think either are budging on that last one.


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[steve dave]

Wolfers is possibly not the best economist on the planet but he's the best at explaining economics on the plant. Everyone should follow if they want to know about economics.

https://twitter.com/JustinWolfers/status/1319454096856928259

[steve dave]

also I apologize for not remembering but which one of you was the death opportunity cost strong econ guy out of the gates on Covid? would like to revisit all that again (your takes could have possibly owned, I don't remember) but those were good talks.

[MakeItRain]

Justwin, they were still bad takes. Opening the economy is absolutely the right thing to do now, but if we didn't shut down then, a lot more people would have gotten sick and we wouldn't be any closer to a vaccine.

That initial shutdown showed us we could live responsibly with this virus among us, allowing schools and the marketplace to be open now. We did what he eventually said we needed to do without killing tens if not hundreds of other people. Justwin thought (thinks?) these additional deaths would have been nothing more than a necessary opportunity cost.

[kim carnes]

Wolfers is possibly not the best economist on the planet but he's the best at explaining economics on the plant. Everyone should follow if they want to know about economics.

https://twitter.com/JustinWolfers/status/1319454096856928259

That has been regurgitated like 10000x in articles over the last two years. If implemented long term they will have a large effect on their economy and help boost investment in other countries they compete with.

[steve dave]

makes sense kim carnes

[kim carnes]

Bro you’re the one acting like that guy is an economic wizard tweeting that dumb crap.

[steve dave]

seems like you're on this one

[kim carnes]

You’re not wrong

[Justwin]

also I apologize for not remembering but which one of you was the death opportunity cost strong econ guy out of the gates on Covid? would like to revisit all that again (your takes could have possibly owned, I don't remember) but those were good talks.

An article I saw recently said COVID was responsible for 2.5 million years of life lost.  That's the equivalent of $250-$350 billion.

If you think all of the shutdowns prevented some multiple of that in years of lives lost, then you might think all of the shutdowns were worth it.  There's almost no way you can convince me all of Kansas should have been shut down in March-May.  Everything regarding COVID-19 is much worse in Kansas now than it was in April, yet we aren't shutting anything down now.

[steve dave]

also I apologize for not remembering but which one of you was the death opportunity cost strong econ guy out of the gates on Covid? would like to revisit all that again (your takes could have possibly owned, I don't remember) but those were good talks.

An article I saw recently said COVID was responsible for 2.5 million years of life lost.  That's the equivalent of $250-$350 billion.

If you think all of the shutdowns prevented some multiple of that in years of lives lost, then you might think all of the shutdowns were worth it.  There's almost no way you can convince me all of Kansas should have been shut down in March-May.  Everything regarding COVID-19 is much worse in Kansas now than it was in April, yet we aren't shutting anything down now.

hopefully you don't think I was calling you out in a negative way. I'm honestly curious in where we are at now by your measurements.

[steve dave]

So, how are we doing vs. how you thought we would be doing?


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[MakeItRain]

also I apologize for not remembering but which one of you was the death opportunity cost strong econ guy out of the gates on Covid? would like to revisit all that again (your takes could have possibly owned, I don't remember) but those were good talks.

An article I saw recently said COVID was responsible for 2.5 million years of life lost.  That's the equivalent of $250-$350 billion.

If you think all of the shutdowns prevented some multiple of that in years of lives lost, then you might think all of the shutdowns were worth it.  There's almost no way you can convince me all of Kansas should have been shut down in March-May.  Everything regarding COVID-19 is much worse in Kansas now than it was in April, yet we aren't shutting anything down now.

Probably should be some targeted shutdown but we aren't shutting down large scale now because we did it already, developed good habits.

[Rage Against the McKee]

also I apologize for not remembering but which one of you was the death opportunity cost strong econ guy out of the gates on Covid? would like to revisit all that again (your takes could have possibly owned, I don't remember) but those were good talks.

An article I saw recently said COVID was responsible for 2.5 million years of life lost.  That's the equivalent of $250-$350 billion.

If you think all of the shutdowns prevented some multiple of that in years of lives lost, then you might think all of the shutdowns were worth it.  There's almost no way you can convince me all of Kansas should have been shut down in March-May.  Everything regarding COVID-19 is much worse in Kansas now than it was in April, yet we aren't shutting anything down now.

The death rate is not nearly as bad as it was in April.

[steve dave]

https://twitter.com/carlquintanilla/status/1320545338374213633


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[MakeItRain]

Interesting, sounds like filibuster may stick around.

POLITICO: Pelosi eyes reconciliation to boost Obamacare, pandemic aid.

https://www.politico.com/news/2020/11/02/pelosi-reconciliation-obamacare-pandemic-aid-433873

  I hope she has a challenger for the speaker

[star seed 7]

She really needs to retire

[sys]

Interesting, sounds like filibuster may stick around.

i'd assume so.