Much of the pioneering work on mRNA vaccines was done with government money, though drugmakers could walk away with big profits Another example of why the whole argument that government is bad, without the funding by the government these vaccines would not have been developed in the time they were developed. Also, … Continue reading For Billion-Dollar COVID Vaccines, Basic Government-Funded Science Laid the Groundwork – Scientific American
Privacy and civil liberties experts warn about vaccine passports. So do conspiracy theorists. In February, Liberty, the UK’s largest independent civil liberties organization, said that when it comes to vaccine passports, even the best intentions could go terribly awry. “Even the introduction of a voluntary passport to prove if you’ve had a … Continue reading Conspiracy theories are clouding real vaccine passport concerns
Advocates of cheap and widely available vaccines thought the pandemic might change business as usual. They were wrong. Oxford University surprised and pleased advocates of overhauling the vaccine business in April by promising to donate the rights to its promising coronavirus vaccine to any drugmaker. A few weeks later, Oxford—urged on by … Continue reading Oxford University pledged to donate rights to their COVID vaccine but then sold them to AstraZeneca | Fortune
Meet the mayors pushing for guaranteed income in 30 cities across the country One-off stimulus checks don’t cut it while forcing the population to lock themselves indoors. The United States can afford to do so much more, and EVERYONE, including the rich, benefit as a result. Source: The mayors piloting guaranteed income … Continue reading The mayors piloting guaranteed income programs across the U.S.
Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states’ abilities to conduct coronavirus vaccination programs. The time for government to do something is now. Check out how other countries are handling the pandemic: Wages subsidized by the government during pandemic: 🇨🇦 – $2,000 a month 🇯🇵 – Up … Continue reading State and local government stimulus needed to avoid long-term drag
Don’t think of that number as “big” or “bold.” Just think of it as the appropriate dosage for a once-in-a-century economic affliction. We’ve done it before, we can do it again. Source: … Continue reading Preventing a Great Depression Will Cost $10 Trillion – The Atlantic
We’re finally, finally, doing an episode on MMT. Just in time for the deficit to triple. Source: Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace Continue reading Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace
Yes — It poses no inherent danger to states that issue their own currency There are three real reasons. First, a currency-issuing government never needs to borrow its own currency. Second, it can always determine the interest rate on bonds it chooses to sell. Third, government bonds help to shore up the … Continue reading Can governments afford the debts they are piling up to stabilise economies?
Source: [LIVE] Coronavirus Pandemic: Real Time Counter, World Map, News – YouTube Continue reading [LIVE] Coronavirus Pandemic: Real Time Counter, World Map, News