The productivity slowdown since the mid-2000s is due to mismeasurement?

From https://www.richmondfed.org/publications/research/econ_focus/2018/q2/interview

COVID19 update, May 27, 2020: Norwegian official report now questions necessity of lockdown; Dr. John Campbell on The Lancet hydroxychloroquine study

The lockdown occurred in New Zealand at the beginning of the school year. Public attitudes would be different if the lockdown cancelled end of year exams that determined qualifications for university and all sorts of other opportunities.

Vaguely remember reading in China that there lockdown occurred during the school exam term and has caused all sorts of chaos regarding university admissions

Also read that many in the US are deferring going to college for a year

Nitay Arbel (a.k.a. New Class Traitor)'s avatarSpin, strangeness, and charm

 

(1)  According to the Spectator (UK), a report (in Norwegian) by the Norwegian public health authority now argues their lockdown was probably unnecessary as voluntary social distancing efforts were already effective enough.

Norway is assembling a picture of what happened before lockdown using observed data – hospital figures, infection numbers and so on – to assess the situation in the country in March. At the time, no one really knew. It was feared that Covid was rampant with each person infecting two or three others – and only lockdown could stop this exponential growth by cutting the R number to 1 or lower. But the country’s public health authority has published a report with a striking conclusion: the virus was never spreading as fast as had been feared and was already on the way out when lockdown was ordered. ‘It looks as if the effective reproduction rate had already dropped to…

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Free To Choose in Under 2 Minutes Episode 8 – Who Protects the Worker?

Why Build Higher?

The Saints – (I’m) Stranded

How ‘Rocketman’ Production Designer Turned London into 1970’s LA | @VanityFair

Richard Harris Got Into A LOT of Fights | The Dick Cavett Show

Sinking the Battleship Bismarck – Time-Lapse

#globalwarming #climateemergency @greenpeaceusa @BernieSanders @SenWarren @Greens @NZGreens @oxfam @AOC

Airborne diseases: Tuberculosis in the Union Army

ehs1926's avatarThe Long Run

by Javier Birchenall (University of California, Santa Barbara)

This is Part F of the Economic History Society’s blog series: ‘The Long View on Epidemics, Disease and Public Health: Research from Economic History’ The full article from this blog was published in ‘Explorations in Economic History’ and is available here

TB-do-not-spit-1910-v2 1910 advertising postcard for the National Association for the Prevention of Tuberculosis. 

Tuberculosis (TB) is one of the oldest and deadliest diseases. Traces of TB in humans can be found as early as 9,000 years ago, and written accounts date back 3,300 years in India. Untreated, TB’s case-fatality rate is as high as 50 percent. It was a dreaded disease.  TB is an airborne disease caused by the bacteria Mycobacteriumtuberculosis. Tuberculosis spreads through the air when a person who has an active infection coughs, sneezes, speaks, or sings. Most cases remain latent and do not develop symptoms…

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Lucien Carrier: The Problems with Institutional Reform in Fragmented Political Landscapes

UKCLA's avatarUK Constitutional Law Association

Clearly, liberal democracy is at a crossroad. Many are dissatisfied with the state of political affairs in their national countries. The news is filled with stories of uprisings in Chile or Bolivia, riots in Hong Kong or Paris, or mass movements in Catalonia or England. People take up the streets for the cause they believe in, may it be climate change, global inequality and poverty, national identity,  political corruption and so on… All these various social movements share a common belief that the current democratic arrangements do not work. As most recent elections in Western democracies have shown, the political landscape is fragmented at an unprecedented scale. In France’s 2017 presidential elections, four candidates each obtained roughly one fifth of the total votes. In Spain, after four elections in as many years, no party is yet again able to claim an absolute majority in the lower Chamber…

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Green-Left Furious at Michael Moore For Exposing Renewable Energy As Complete Fraud

stopthesethings's avatarSTOP THESE THINGS

There is a particular delight in watching the hard-green-left tear each other apart, which is precisely the result of Michael Moore’s Planet of the Humans.

The film – produced by Moore and made by Jeff Gibbs – has been uploaded to YouTube to allow all and sundry to get the message: renewable energy is the greatest economic and environmental fraud of all time. STT first covered it here: Blood & Gore: Mike Moore’s ‘Planet of The Humans’ Unmasks The Power & Money Behind Renewables Scam

Characters like James Delingpole have spent the last decade attacking heavily subsidised and hopelessly unreliable wind and solar, as the result of crony capitalism gone mad. Tackling the cynical profiteers and pointing to the pointlessness of sources that are entirely dependent upon the weather and time of day, Delingpole has been a bugbear to renewable energy rent seekers and climate cultists, alike.

For his troubles he’s…

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Pacific Island states will not longer play the patsies for the climate alarmists

The Fiji Hotel and Tourism Association (FHTA) says a staggering 279 hotels and resorts have closed, with over 40,000 tourism workers either laid off or sent on leave without pay. And unlike Australia, Fiji doesn’t have a JobKeeper scheme to fall back on.

Interview of Joshua Angrist: On charter schools, the elite illusion, and the “Stones Age” of econometrics

Amol Agrawal's avatarMostly Economics

Nice interview of Prof Joshua Angrist of MIT:

As a teenager growing up in Pittsburgh, Joshua Angrist became fed up with high school and said his goodbyes to it after his junior year. Today, at the Massachusetts Institute of Technology, he’s a top researcher in labor economics and the economics of education — with work that includes a series of famed studies of policy choices for K-12 schooling.

Much of his work has been based on ingenious “natural experiments,” that is, episodes in which two or more groups of people were randomly exposed to different policies or different experiences. Such occurrences are an opportunity for Angrist and his co-authors to use the tools of econometrics to assess the effects of those differences — whether that’s a large classroom versus a small classroom or education at a charter school versus education at a conventional public school.

Angrist’s first natural experiment looked at…

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Remey on news driving the business cycle

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