Biden's vaccine target should be 200 million in 100 days, not 100 million in 100 days.
I guess with only 235 million adults in the U.S. and a large fraction hesitant about taking the vaccine, 200 million probably isn't possible. But 100 million seems like a lowball.
Also, vaccine production is running at about 2 million doses a day (enough to vaccinate 1 million people), so 100 million in 100 days is probably close to the limit of production capacity unless we approve the Johnson & Johnson vaccine.
BUT, Biden has said he's going to do the "first shots first" thing, which would dramatically expand the number of people who get vaccinated per dose produced, so 🤷
Plus, Johnson & Johnson vaccine is a completely different supply chain, requires only one shot, has shown very promising results, and should be approved within weeks if it works:
I respect disagree with this thread. The idea that hyperinflation results from a regime change is an unproven hypothesis. It's something we should be studying, yes, but for now it's just a guess.
In particular, if we stop worrying about austerity like we used to, and then at some point we DO experience hyperinflation, the Tom Sargents of the future will look back and call our attitude shift a "regime change". And who will be able to disprove them?
2/Some people say that we're already heading into the danger zone with respect to debt.
My instinct is that these people are completely wrong, and we're not in danger. But I can't *prove* them wrong, because we don't actually know how much is too much.
2/Left-NIMBYs have developed a canon of interlocking, mutually reinforcing beliefs about housing and urbanism.
These beliefs are mostly false, but they form a powerful "canon" that quickly ossifies into a hardened worldview.
It looks something like this:
3/Fortunately, Nathan J. Robinson of Current Affairs has written an article that perfectly encapsulates the Left-NIMBY worldview (and quotes me in it!).
1/Today in @bopinion, I talk about the legacy and career of Jim Simons, the founder of Renaissance Technologies, who is stepping down as the hedge fund's chairman.
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to people.