Power and Its Exercise

Exactly. So fuck all the sniveling liberal dipshits who spent eight years lamenting that poor little Obama barely had any power at all, that he couldn’t even buckle his belt without Paul Ryan helping him out.

Fuck each and every one of you.

Banking It

If the government sends me any checks, I am donating all of it and more to food banks and other worthy causes.

I do not need the money, though I do agree that the government should indiscriminately spray out cash due to the requirement for haste.

Flect

Unpopular opinion, but I do wonder exactly where is the inflection point wherein allowing the economy to melt down kills more people over a five-year period (mostly low-income) vs. restarting the economy and accepting some extra immediate deaths.

I say unpopular because most people will interpret me as advocating for the immediate deaths, but I think it’s a genuine question. Where is that inflection point — because there definitely is one — and how do we estimate that?

It’s important to think about, I feel, even if people despise the question. Just because a death happens 3-5 years from now doesn’t make it less important.

Interdependence

I (and others) have been attempting to discuss that for years. But supposedly we’re all racist cretins who just want to slam shut the borders because we don’t like someone’s skin color.

What we don’t like, though, is our economies and nations being gutted by vulture capitalists, leaving us exposed to the current fragility we are experiencing. That’s the objection and just because neoliberals screech “racism” does not make it less relevant.

Long Way

Long way from the sentiment that not shaking hands is racist and that Covid-19 is nothing compared to the flu, isn’t it?

Though most will learn nothing, there are lessons here that could in principle be learned: lessons about how complex systems function and then rupture, and about how the measured linearity stressed in education is the least relevant because it leaves you completely unprepared when it truly matters.

Oh, of course no one will allow themselves any edification out of this. They’ll just retrench and then erase it all from memory. But my point is that they could. Enlightenment is available; most just do not want it.

Failure Magnification

Convincing Boomer Parents to Take the Coronavirus Seriously.

What the fuck is wrong with Boomers? I know, not all Boomers, yada yada, but as a generation they are a total fail train on the way to Failtown. Why?

My guess is that it’s because they’ve largely spent their lives getting nearly everything they wanted and needed — free or nearly-free college, with politicians always catering to their desires, rarely being told “no” or that their yearnings weren’t realistic. They simply cannot conceive of a world that doesn’t revolve around them because they have never experienced it.

So even though Covid-19 is a virus, they just have this idea in the back (and the front, for that matter) of their minds that it’ll also — as all else has — bend to their wills. It doesn’t have to make sense, and it does not. But that is I think what’s going on here.

Finance

I support this even though I’ve been making large stock market bets on what the government was going to bail out — and it was all of the above.

My financial interests don’t destroy or negate my ethics. But I have no trust that anyone will do the right thing, so I bought that way. We’ll see soon enough whether my ethics or my pragmatism was correct.

Remover

I wish that weren’t true but it is. That so many of the Boomers — a group among the most likely to die — disbelieve that Covid-19 is real and dangerous just says so much about our times. None of it, of course, good.

Truly I am not sure what to make of it all. It seems that people are fantastically more moronic than I thought, and I previously believed that most people were about on the level of monkeys flinging poo at one another.

Sepulcher

The cult of libertarianism and liberalism has to go. It’s destroying the world, defunct ideologies digging graves in a necropolis as large as creation.

Grasping

The perils of being “educated” and only dealing with the world via the interface of words. Can’t grasp much of the workings of the material world that way.

Demand Shock

Fed Flails, Markets Donโ€™t Care.

The Fed can’t do much at all when the problems aren’t monetary in nature. A pandemic and its resultant effects are definitionally non-monetary. There has been and will continue to be a real demand shock in the general economy.

This shock will worsen over the next few weeks and months and monetary tools will do very little (though not nothing). Fiscal tools, however, can do something — but some of those tools are more effective than others. Romney’s proposal to give every person $1,000 a month until the crisis abates would be a very good one to enact immediately, for instance.

Monetary tools can only fight monetary crises. That’s not what’s happening now.