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@davidfrum Meanwhile, we are going to blow past China in total number of cases in three days, in spite of having started with two months' warning while they started with zero...
@davidfrum I used to say the American Century ended in 2002, when we decided we did not want to be the Good Guys & started torturing people.

Then I said the AC ended in 2010, when we adopted austerity while unemployment was still near 10% and dropped full employment as a policy goal. 2/
@davidfrum Then I said the AC ended in 2016, when a minority assisted by a bunch of grifters, politicians, & journalists who thought HRC had it in the bag so they could kneecap her elected Donald Trump.

Now I say the AC ended in 2020, when China was able to deal with COVID-19 & US not.
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Brad DeLong 🖖🏻
@delong
The electorate of all those who care enough to be motivated to vote for Chief Neoliberal Shill has spoken: I am defeated. Congratulations to @scottlincicome on a well-fought campaign. I wish him luck. He will need it. 1/
This marks the end of an era. Since its inception, the office of Chief Neoliberal Shill has been occupied by someone from the left wing of the neo \liberal movement. The wearers of the Iron Crown have put forward a claim to a kinder, gentler neoliberalism; one that is really 2/
nothing but a more effective form of social democracy; a neoliberalism with a human face. The argument has been that the resort to market mechanisms maximizes human freedom and choice and also maximizes the collective entrepreneurial energy of the human race by using Pigou- 3/
Read 22 tweets
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Brad DeLong 🖖🏻
@delong
@apocrypals so procrastinatin', & so thinking about Jaazaniah, as one does...

My go-to source The Watchtower <wol.jw.org/en/wol/d/r1/lp…> says "all 4 men mentioned in þe Bible by þis name lived wiþin þe same short period of time" of þe Fall of Judah. þey are described as sons 1/
@apocrypals of "þe Maacathite" (i.e., from Maacah), "Azzur", "Shaphan", & "Jeremiah þe son of Habazziniah" (i.e., of not þt Jeremiah). þe Watchtower says "Hmmm. It must have become an incredibly common name in þe last days of Judah". I find myself wondering if þt is naive. AIU, Shaphan 2/
@apocrypals is Caesar-real, but are some of þe patronymics & descriptors þe prophets throwing some kind of shade at a single Jaazaniah son of Shaphan, who offered incense to idols in þe temple, schemed hurtfulness & advised bad counsel, rejected Jeremiah's advice, & then led a remnant of 3/
Read 6 tweets
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Brad DeLong 🖖🏻
@delong
@ebruenig #actually, "liberal" was used by John Stuart Mill to mean something very close to what modern Americans mean by "liberal", as opposed to "libertarian". John Stuart Mill did not believe that libertarian "negative liberty" was it, and that "freedom" was overwhelmingly freedom 1/
@ebruenig from Big Gummit requiring that you, say, entertain offers to buy your house from Black people. The passage from Mill I like comes from his _Principles of Political Economy_, talking about the poverty of the world circa 1870: "Hitherto, it is questionable if all the mechanical 2/
@ebruenig inventions yet made have lightened the day’s toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes. They have increased the comforts of the 3/
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William Yang
@WilliamYang120
Latest on #COVID19 - #China added 46 new cases, bringing the total number of cases to 81054. It also added 6 new deaths, increasing the total number of that to 3261.
In the epicenter of #Hubei province, the province recorded 0 new case and 5 new deaths. This is the third day in a row that Hubei has no new case, which has raised serious question about the way #China categorize its confirmed cases and the authenticity of its data.
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Ian Yorston
@IanYorston
#ThinkSlow #ActFast

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Perhaps once 100,000 people have died…”

@ProfSteveKeen #COVID19 #Exponential #Contagion #Pandemic

patreon.com/posts/34547040
“as many as eight in 10 Britons could become infected and the virus could kill around one percent of those infected”

Conclusion: friends are going to die; people will be angry; ministers may fall

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Christophe Barraud🛢
@C_Barraud
🇨🇳 #China (1) | The question is no longer if, but how hard, the #coronavirus will damage Chinese economy (and its trading partners) in 1Q20.
🇨🇳 #China (2) | A blockage of 16 cities (~50 million people) coupled with the extension of the Lunar New Year holiday and prohibition for Cos to return to work soon implies that 1Q will fall below 6% for the first time since QoQ figures are recorded.
🇨🇳 #China (3) | The impact will probably broaden from retail sales, tourism/transportation...

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IndoPacific_SCS_Info
@IndoPac_Info
#China’s total debt rises to over 300% of GDP as Beijing loosens borrowing curbs to boost growth - The figure has risen to over US$40 trillion, some 15 per cent of overall global debt, according to data released by the Institute of International Finance scmp.com/economy/china-…
China eased its deleveraging campaign in a bid to aid the slowing economy amid the trade war with the US. China's total debt burden rose strongly in the first quarter of 2019 as Beijing allowed more loans and local government bond issuance to help shore up the slowing economy.
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #China will cut export rebate rates to 13% and 9%, respectively, for exports that enjoyed 16% and 10% rebate rates in accordance with value-added tax cuts effective April 1, according to a statement from the Ministry of Finance.
*Link (Chinese): bit.ly/2Tr5h3o
🇨🇳 #China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown - Reuters
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🇨🇳 #China Regulator Says Financial Markets Can Open More Quickly - Bloomberg
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
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bloomberg.com/news/articles/…
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