Housing and the Game of Reverse Musical Chairs

The Mayor of Charlottesville recently tweeted. Please explain how building more market rate housing will free up the housing market for low-income citizens. Which low-income citizens will be able to afford to buy or rent a home that’s going to sell to $450,000? New construction will not lower the selling price of older homes…. Fortunately, […]

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Trypanophobia or How to Alleviate Vaccine Hesitancy

A significant share of vaccine hesitancy is driven by fear of needles, tyrpanophobia. Adults don’t like to admit a fear of needles and less so that they would avoid a vaccine for fear of a jab. But tyrpanophobia is common and does reduce flu immunizations: Avoidance of influenza vaccination because of needle fear occurred in […]

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Noah Smith on the new macro wars

The most interesting thing about the new Macro Wars is that academic research is almost a total non-factor. In 2011 we were arguing about the Zero Lower Bound, DSGE models versus reduced-form models, etc. Now, though academics are involved in the debates, you rarely see an actual paper invoked. And when it is, it’s nearly […]

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That was then, this is now, the median voter theorem remains underrated

In March 2020, the Trump administration put into place one of the most controversial and restrictive immigration policies ever implemented at the U.S. border — and in January, President Biden quietly continued it. The Biden administration says the Trump-era policy known as Title 42, which relies on a 1944 public health statute to indefinitely close […]

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The EU Vaccine Bungling

The EU vaccine rollout has been remarkably bungled even by the standards we have come to expect from Western governments. In advising governments I and the AHT team argued that vaccines were the world’s easiest cost-benefit test because Billions<<Trillions. Yet when manufactures offered the EU vaccines worth thousands of dollars a dose for just $5-$40 […]

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Bigger Is Better When It Comes to Vaccine Production

My co-authors, Eric Budish and Chris Snyder, have an excellent piece in the WSJ: We recently published a paper in the journal Science that aimed to quantify the enormous value of Covid-19 vaccine capacity: both existing and the value of building more. We worked with a team of economists, statisticians and policy experts led by […]

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Is this truly an Irish equilibrium?

The British health system is the single most important issue driving opposition to Irish unification in Northern Ireland. Citizens of Northern Ireland get free medical care as part of the U.K.’s socialized medicine. British taxpayers subsidize Northern Ireland’s public services to the tune of $12.5 billion, according to one estimate. That’s a lot of money to give up […]

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Pandemic sentences to ponder

Of course, there are national health systems in Canada, Mexico, England, and France, among many others, and the uniformity of failure across this heterodox group suggests that structure may have made less of a difference than culture. “One of the common features is that we are a medical-centric group of countries,” says Michael Mina, a […]

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FDA Postpones Inspections Delaying New Drugs and Creating Shortages of Old Drugs

NYTimes: The Covid-19 pandemic has forced the Food and Drug Administration to postpone hundreds of drug company inspections, creating an enormous backlog that is delaying new drug approvals and leading the industry to warn of impending shortages of existing medicines. …In an interview, F.D.A. officials said they sharply curtailed the inspections to protect their investigators, […]

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