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Millennials and Zoomers aren t going to lose their hard-Left opinions
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The Economics of COVID-19 Prevention
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A Lesson from the Pandemic We Place High Value on All Our Lives -- Including Those of the Elderly
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The next crisis will not be like Covid
Without a crystal ball, we should focus on curing of bureaucratic dysfunction rather than specific plans for healthcare or manufacturing
22 April 2021 • 5:00pm
After almost 130,000 Covid-19 deaths and the crushing disruption to lives and liberties, public inquiries will soon seek lessons to ensure something like this “never happens again”. That the pandemic is fresh in voters’ minds, in fact, provides an unusual opening to prepare for future threats. This might include reforming institutions that track such risks or enhancing the capacity of industries whose output helps fight deadly pathogens.
On the face of it, this opportunity for error-correction is clearly desirable. Politics exacerbates under-preparation for high-risk, low-probability crises. Despite disaster prevention spending returning payoffs of 15 to one, economists Neil Malhotra and Andrew Healy have found that US voters, for example, do not reward politicians for investi
Evidence of the Risks of Elevated Unemployment Insurance Benefits By Erin Partin SHARE
Last week’s job market numbers were strong. The unemployment rate fell to 6.0 percent – the lowest since the start of the COVID-19 pandemic – and total nonfarm payroll employment rose by 916,000 in March. But signs already suggest that the employment bounce-back is being restrained from its full potential by Congress’s decision to entrench a $300 weekly unemployment benefit supplement through September.
Combined with state unemployment benefits, around 37 percent of workers can currently make more unemployed than in work. A low-income worker in Massachusetts previously earning $535 per week faced a pre-pandemic replacement rate of unemployment insurance benefits to earnings of 48 percent ($257). Now, the same worker would obtain benefits worth 104 percent of their pre-recession earnings ($557).