So the Pfizer-Biontech vaccine will probably be approved by the EMA on December 23. We know that because we know it'll be approved. But we still wait a week for actual approval because - yeah, why, actually?
It's odd, at the very least. If the EMA experts agree that the vaccine merits approval, just go ahead and approve it. If there's bureaucracy involved that make it longer, well, reform it then. It's profoundly weird to wait for an approval that we know is coming, just because.
I know being quite harsh here, but we need to question these processes. In an emergency situation, the approval should take exactly as long as it takes for the experts to assess the safety of the vaccine and all that comes with it. That's it.
It is on the face of it unconsciable and illogical to *know* that approval is certain and still wait a week or more for it. Either we know and the thing is settled or we don't. In the first case, approve it right now. In the second, well, settle it and approve it then.
That's why alwI ays found it odd that there's a certain of probable approval weeks away. Who can know with any certainty if by then everything will be proved to general satisfaction? How do we know it's not clear earlier? Or later?
I completely understand that deadlines and phases to examine the data, form an opinion, ask questions, set up a comprehensive plan and requirements make sense. And in a normal situation there's no need to shorten them.
But in a pandemic emergency situation, there needs to be a way to say “this is the last possible date to submit x, y, z, but if we get all opinions earlier, we'll decide earlier.” and I don't have the feeling the EMA has really down that enough.
They seem to have been driven by this idea that they need to make it as formal as possible so people have the feeling nothing is different or rushed. I get it. But the current situation was to be expected and it brings about exactly that awkward pressure they wanted to avoid.
If they had said from the outset, we'll approve as fast as possible and according to all safety standards - and not given a date, please! - that wouldn't have happened. They could have just come out today, on December 15, and approved it cause the science is clear.
And I know, “that's not how it works” but that precisely is the problem here. Some awareness that this approval had to be and will always be special needs to be present somewhere. It's illusory to think it'll be business as usual, just a tad faster.

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More from @benbawan

9 Dec
Austria can borrow billions for 100 years for a yearly coupon of 0.88%.

Imagine the Republic would borrow, say, €9 billion and then put €1,000 for each of its citizens into a fund that invests like Norway’s National Fund.

Fanciful but fascinating.

ft.com/content/d55687…
A small, stable country could probably even get away with that. It would raise some eyebrows, but in the end, nobody would mind much. And you could repeat it for a couple years. Then you wait until global growth does its miracles.
In a decade or two, the Republic could have a veritable National Fund on behalf of its citizens which it could use to give them a “baby bond” like payout when they turn 18 or use for a number of other cool projects.
Read 4 tweets
8 Dec
In 1990, the population of Western Germany (62 million) and France (58m) was within a whisker.

Then reunification happened – and Germany suddenly had 80 million.

In 2050, France’s population could reach around 80 million and overtake Germany as the EU’s most populous state.
France’s demographics – current & historical – will never cease to amaze me.

France was one of a few countries to kinda miss out on the massive population increase of the 19th century. And it got worse until 1950.

But then, when everyone else slowed down, bonjour la France!
But it gets even weirder if you go further back. During the Middle Ages, a quarter of Europe’s population was French.

That’d be 185 million people today – three times France’s actual population!
Read 14 tweets
7 Dec
Wenn sogar eine Pandemie und ein wochenlanger Lockdown die Leute nicht dazu bewegt ihre Geschenke online zu kaufen, kann die Zukunft des stationären Handels nicht so düster ausschauen wie immer wieder einmal suggeriert wird.
Ich unterstütze auch gerne lokale Geschäfte – geht übrigens auch online.

Aber warum man sich heute auf der Mahü zig Minuten vor einem Geschäft anstellt um etwas zu kaufen, das man die letzten Wochen auch jederzeit online bestellen hätte können muss ich nicht verstehen, oder?
Ich geh auch lieber “in echt” einkaufen. Aber grad jetzt ist es weder besonders entspannt, noch lustig, noch empfohlen. Also was bewegt einem dazu es doch zu tun? Ich versteh’s echt nicht.
Read 5 tweets
6 Dec
Die deutsche Impfstrategie hat 15 Seiten, ein Inhaltsverzeichnis und immens viele Details.

Die österreichische Impfstrategie hat 8 Seiten, wovon zwei Seiten leer sind, kein Inhaltsverzeichnis und ganz oft das Wort “Erfolgsgeschichte.”

Läuft.

#madeinAustria #coronaAT
Dafür haben wir unsere Impfstrategie drei Wochen später veröffentlicht. Den zusätzlichen Aufwand sieht man schön am Deckblatt, das uns mit Logo und eleganter Graphik besser gelungen ist als den Deutschen. Design made in Austria.
Read 5 tweets
30 Nov
“What the fuck happened in 1971?”

Well, we all know correlation is not causation – and there are many potential causes: deregulation, the oil shocks, the end of Keynesianism, China entering the world trade system, technological change etc.

wtfhappenedin1971.com
But I happen to think that the end of the Bretton Woods system did play a key role. However, not because it untethered currencies from gold – that was anyway mostly a fictional tether – but because it untethered them from one another and the global trading system in general.
I tend to believe that you could have taken gold out of the equation entirely but crucially, could have kept a coordinated system of currency movements, trade rebalancing and capital controls – when the moves are too extreme – in place.
Read 14 tweets
11 Oct 19
Ich muss zugeben, ich weiß zu Handke politischer Haltung gar nichts und zu seiner Literatur recht wenig. Daher fällt es mir auch extrem schwer, mir ein Urteil zu bilden.
Kriegsverbrechen zu verharmlosen & und einen Kriegstreiber zu verteidigen geht natürlich gar nicht. Es gibt jedoch auch kluge & progressive Leute die ich kenne, die Handkes Haltung mit scheinbar guten Gründen differenzierter zu sehen scheinen.
In deren Sicht ist er anscheinend vor allem ein Schreiber gegen den blinden Nationalismus, der sich eifrig, naiv und blind auf eine Seite (die der Zentralregierung, also Serben) geschlagen habe, jedoch nicht Völkermord oder Verbrechen befördern oder befürworten wollte.
Read 9 tweets

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