At long last, and maybe too late, the Centers for Disease Control and Prevention (CDC) released a statement on “The Importance of Reopening Americans Schools this Fall.” After issuing warnings about potential risks to children all spring and early summer, the CDC acknowledged what has been known throughout the world for months — that “COVID-19 poses relatively low risks to school aged children. … So far in this pandemic, deaths of children are less than in each of the last five flu seasons.”
What separates Friedman from other conservative economists, his quintessentially American life story, plus what the famed libertarian might make of the debate over masks, government edicts, and civil liberties.
After months of anticipation, Senate Republicans finally released their bid for the next big Covid-19 relief bill this week, dubbed the HEALS act. The headline news for K–12 education is the proposal to steer the bulk of education aid to schools that open for in-person instruction, which is triggering angry reactions from most of the education establishment.
If you have school-age children, you may be wondering if they’ll ever get an education. On Tuesday the American Federation of Teachers, the second-largest education union, threatened “safety strikes” if reopening plans aren’t to its liking. Some state and local governments are insisting that public K-12 schooling this fall be conducted online three to five days a week and imposing stringent conditions on those students who actually make it to the classroom.
[Subscription required] Even before the stalled infrastructure projects of previous regimes had been cleaned up, the current government pushed lending to small and medium firms. NPAs from this sector are now alarming and, in time-honored fashion, may be pushed under the carpet. We must do better, and Gol may now have no option.
“There is nothing so good that politicians can’t make it bad and nothing so bad that politicians can’t make it worse. Compassion is good but politicians have turned compassion into the welfare state. Crime is bad but politicians have made it worse by going easy on criminals.” —Thomas Sowell
"The Lights Go Out in Lebanon as Financial Collapse Accelerates," declared a recent headline in The Washington Post. The headline refers specifically to worsening power outages but more generally to Lebanon's ongoing "economic implosion." This breakdown is due in large part to chaos in Lebanon's monetary and banking systems.
Central banks want to learn from history. They can do so by drawing on decades of work by economic historians, as well as their own archives which manifest layers of institutional memory. But the path from page to policy can be difficult to find.