braddelong.substack.com/p/briefly-note…

First: The curious thing about the graph below is this: some of the rapidly-growing prices categories—medical-care services, childcare and nursery school, food and beverages—are overwhelmingly personal and personal-care services that are still... 1/
...largely one-on-one and that we should have expected to roughly track wages; some (college textbooks) are the result of market power being exercised; some (college tuition) are the result of government withdrawal of financial support for higher education; and some... 2/
...(hospital services) are the result of a complicated cost-allocation game in a sector that is experiencing remarkable although not especially cost-reducing technological progress (it is, rather, capability-expanding technological progress). These are different processes... 3/
...than the normal technological progress ones (cars, furnishings, clothing) or the infotech revolutionary ones (TVs, toys, software, cellphones). We should, IMHO, be talking systems reform rather than tech application here... 4/END

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Brad DeLong: 'Live long, & prosper!'

Brad DeLong: 'Live long, & prosper!' Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @delong

9 Jul
braddelong.substack.com/p/briefly-note…

First:

This, from Andy Slavitt, who was one of the most positive voices in the rolling COVID-19 plague discussion over the past year and a half—well, it stopped me in my tracks. Slavitt said: Delta “is twice as infectious. Fortunately… we… have... 1/
...a tool that stops… Delta… in its tracks… vaccine”.

That does not make much sense to me.

I am told that the way to bet is that Delta as has an R[0] of 8, that mRNA vaccines are 80% protective, and further that they are 80% protective against death conditional upon... 2/
...your getting a case of the plague. And I am told that that is a somewhat cautious bet—that it could turn out that mRNA vaccines are in fact significantly more protective than these “80%” still semi-guesses…

But let’s run with what I have been told…

80% protective... 3/
Read 16 tweets
8 Jul
braddelong.substack.com/p/briefly-note…

This—Gregory Clark: The Secret History of the Industrial Revolution—is an extremely interesting but ultimately, I think, not fully sustainable paper. In it, Greg Clark does the Greg-thing: taking an unsustainable position, turning all his ... 1/
...intelligence and industry to sustaining it, and getting remarkably far. His unsustainable position is that the British Industrial Revolution was not the try of modern economic growth—the 2%/year economy-wide improvements in lab or productivity broadly distributed... 2/
...over sectors that we have seen since 1870—but rather the last two of the post-Medieval discrete localized and sector-specific industrial advances. Steam and textile machinery are therefore classified as things like the caravel, printing. It was only, Clark claims... 3/
Read 17 tweets
7 Jul
braddelong.substack.com/p/briefly-note…

First: If our death rate is 1% of those who got enough of a case to get subsequent immunity, then with 600,000 deaths we have 20% of the total population immune as a result of their previous case. If one-third of those who had the disease also get... 1/
...vaccination, then that lowers the vaccination threshold for herd immunity against Delta to 72% of the total population. There’s a clump of blue-state counties (unfortunately not Los Angeles) that are there or almost there.

The gob-smacking thing, of course, is the... 2/
...political divide: Trump and the Trumpists are both trying to take as much credit as possible for the success of Warp Speed, and telling their base that they aren’t real men unless they are willing to fight the virus barehanded:

Charles Gaba: Happy Independence Day... 3/
Read 5 tweets
3 Jul
braddelong.substack.com/p/document-fra…

DOCUMENT: Franklin Delano Roosevelt: “Four Freedoms” State-of-the-Union Address to Congress (1941)

Delivered January 6, 1941

In the future days, which we seek to make secure, we look forward to a world founded upon four essential human freedoms... 1/
...The first is freedom of speech and expression—everywhere in the world.

The second is freedom of every person to worship God in his own way—everywhere in the world.

The third is freedom from want—which, translated into world terms, means economic understandings which... 2/
...will secure to every nation a healthy peacetime life for its inhabitants-everywhere in the world.

The fourth is freedom from fear—which, translated into world terms, means a world-wide reduction of armaments to such a point and in such a thorough fashion that no nation... 3/
Read 4 tweets
2 Jul
braddelong.substack.com/p/briefly-note…

Things that went whizzing by that I want to remember: Is there any reason not to take this as a reasonable, non-stupid, rational, calm take on the issue?

Lindsay Beyerstein: Covid: Why a Natural Origin Story Is More Likely: ‘It took 15 years to... 1/
...trace SARS definitively to bats.... Even if you’re doing the most sophisticated gain-of-function research you could possibly be doing, you have to start with a virus that’s at least close.... As far as anybody knows, the closest strain the WIV had is a bat virus called... 2/
...RaTG13 that’s 96 percent similar to Covid–19, but the gulf between 96 percent and >99 percent is vast.... If RaTG13 were used as a backbone for Covid–19, Rasmussen told me, you’d expect to see big chunks of exact similarity with coherent chunks of new information added... 3/
Read 5 tweets
1 Jul
braddelong.substack.com/p/podcast-hexa…

PODCAST: "Hexapodia" Is þe Key Insight XX: Five-Item Grab-Bag: Vaccination & Votes; NIMBYism & California Growth, Aversion to UI, Google’s Quality, & Wilhelmine Germany & Contemporary China... 1/

Noah Smith & Brad DeLong's 30:00 < [Length of Weekly
... Podcast] < 60:00

Zach Carter, who was supposed to be our guest this week, has a cold. So we have a grab-bag: vaccination & votes, NIMBYism & California growth, aversion to continuing UI, Google’s quality as a search engine, & Wilhelmine Germany & Contemporary China... 2/
...Key Insights: 1. Red states will see a lot of COVID-hurt this summer fall and winter for… reasons we still find incomprehensible… 2. NIMBYism has not killed California growth because monkey-smarts are becoming, relatively, less important as a factor of production… 3/
Read 11 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(