4/So although Bernie lost the election, he seems to have moved the Overton Window to the left -- exactly as he and many of his supporters hoped.
5/It's important that we understand how radical Bernie really was -- at least, in his 2020 campaign.
Many of his proposals went far beyond Europe's policies. Even in Europe, Bernie would be solidly leftist. In America, he was truly radical.
6/Radical policy programs rarely win at the ballot box. And Bernie had to have known this. But sometimes, radical programs force the center-left to move leftward. And Bernie did accomplish this!
7/Of course, Bernie doesn't deserve sole credit for this. The country was long overdue for a leftward economic shift. And the COVID-19 pandemic, Donald Trump's failures, and Elizabeth Warren all had something to do with it too.
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2/We're all familiar with the trend of tech companies and other knowledge industries (finance, biotech, etc.) piling into a few tech hubs, raising rents and house prices.
Now some think the advent of Zoom, Slack, etc. might reverse this trend.
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.
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.