For the last couple of weeks, I have been making the claim to my friends that the Chinese SARS-CoV-19 virus pandemic will be over by June 2021. I predict that by the end of 2020, there will be at least one safe and effective vaccine available in sufficient quantities to drive down the infection rate to the point that the virus is essentially eliminated.
Predictions are easy to make. Like calling spirits from the vasty deeps, anyone can do it, as Hotspur pointed out to Glendower. Continue reading “The End of the Pandemic”
When people get to know that I am an economist, for instance on a flight, I often get asked about the economy or even the stock market. I just make up some stuff if the mood strikes me but sometimes I tell them that I don’t know. You tell me, I say.


I am sad to learn that
I like the Americanism which says, “Good, fast, cheap: Pick at most two.” There is some overlap between any pair of the three but there’s no overlap between all three. Good and fast won’t be cheap; fast and cheap won’t be good; and good and cheap won’t be fast.
Here’s a simple illustration of how the government systematically robs the poor of their meagre possessions with total impunity. Consider a poor farmer who owns a small bit of land — say a couple of acres — which he farms. It provides him a subsistence existence because the land is not very productive. That land is not really suited for farming.