Yglesias on Trump’s Tariffs

Matt Yglesias explains why DJT’s proposed tariffs are inefficient, will raise prices and are bad for consumers – in effect a highly regressive tax.

“Most studies indicate that the price of Trump’s tariffs have been primarily born by American consumers (American Action Forum, Cato Institute, Tax Foundation)…So it’s really worth saying that whatever you make of industrial policy, what Trump is suggesting is not a remotely strategic approach to national economic development. If anything, Trump’s entire trade agenda — not only these tariffs, but things like his 2020 effort to score a giant sale of soybeans to China — is geared around de-industrializing the United States and turning us into a primary commodity exporter…The right’s intellectual trajectory on these topics is somewhat alarming. Everyone in DC understands that Trump did not come up with this policy proposal based on any kind of detailed study of the issue. Unless it benefits him personally, Trump just pulls ideas out of his ass because he likes the vibe.”

2024-02-06T18:04:21-05:00February 6th, 2024|HomeRecommended|

Ladapo, Wrong Again

Perhaps a study should be undertaken of the number of Floridian lives lost due to its Surgeon General Joseph Ladapo’s ill-informed advice re. mRNA Covid vaccines.  Katelyn Jetelina , Edward Nirenberg, and Kristen Pagnathi offer an excellent rebuttal in Jetelina’s Your Local Epidemiologist Substack post here.  Perhaps the most trenchant argument offered was this one:

“Producing vaccines requires us to use cells, and cells contain DNA. This is why DNA fragments are found in all vaccines. DNA fragments aren’t limited to vaccines, either. Insulin, for example, also contains small amounts of DNA from the bacteria used to make it. 

Regardless, we try to limit the number because it can impact the immune response. We aim for the purest form of vaccines so they work as intended and consistently. The FDA requires less than 10 ng/dose of residual DNA fragments in any vaccine for full approval. 

Multiple regulators across the globe have consistently found vaccines to have acceptable levels of DNA fragments. Even the flawed preprint confirms Covid-19 vaccines’ DNA content is far below any levels indicating a safety or manufacturing concern (see below).”

As for the referenced preprint’s attempt to correlate the DNA levels found with VAERS morbidity stats, that’s junk science exemplified.

2024-01-05T09:37:56-05:00January 5th, 2024|Home, Musings|

David French on the Case for Disqualifying Trump

• An excellent essay by David French on why there is a legitimate case for disqualification based on the 14th amendment appears in the NYT here. An excerpt:

“This is where we are and have now been for years: The Trump movement commits threats, violence and lies. And then it tries to escape accountability for those acts through more threats, more violence and more lies. At the heart of the “but the consequences” argument against disqualification is a confession that if we hold Trump accountable for his fomenting violence on Jan. 6, he might foment additional violence now.

Enough. It’s time to apply the plain language of the Constitution to Trump’s actions and remove him from the ballot — without fear of the consequences. Republics are not maintained by cowardice.”
2024-01-04T19:48:37-05:00January 4th, 2024|HomeRecommended|

Another good one from Krugman

• Krugman on the current state of things, writing in the NYT:

“You may have heard about the good economic news. Labor force participation — the share of adults in today’s work force — is actually slightly higher than the Congressional Budget Office predicted before the pandemic. Measures of underlying inflation have fallen more or less back to the Federal Reserve’s 2 percent target even though unemployment is near a 50-year low. Adjusted for inflation, most workers’ wages have gone up.

For some reason I’ve heard less about the crime news, but it’s also remarkably good. F.B.I. data shows that violent crime has subsided: It’s already back to 2019 levels and appears to be falling further. Homicides probably aren’t quite back to 2019 levels, but they’re plummeting.

None of this undoes the Covid death toll or the serious learning loss suffered by millions of students. But overall both our economy and our society are in far better shape at this point than most people would have predicted in the early days of the pandemic — or than most Americans are willing to admit.

For if America’s resilience in the face of the pandemic shock has been remarkable, so has the pessimism of the public.”

 

2024-01-01T14:09:05-05:00January 1st, 2024|HomeRecommended|
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