Ready to reopen?

I've been on the "reopen fast but smart" bandwagon for weeks. The reopening is coming. Are we ready? I'm afraid not. I rem...

The fire in Treasurys

Just where was the fire that caused the Federal Reserve to buy $1.3 of treasury debt in a month -- financing all treasury sales and then som...

Spend Time on Updating Outstanding Treatment Plans

As we look forward to re-opening our dental practices, it's a good time to concentrate on updating outstanding treatment plans. Use this...

University finances

Colleges and universities are being badly hit by the Covid-19 virus. The spring and summer were pretty bad.  If, as likely, it extends into ...

Economics of lockdowns video

Cato took some comments I made in a recent event and produced it into a nice short video , 8 minute overview of where I am, or was last we...

Heckman Haiku

Jim Heckman's interview  with Gonazlo Schwartz at the Archbridge Institute is making the rounds of economists. I admire it for how much ...

Ban parties not business

A while ago, I started getting messages that my computer was running out of memory. I put off doing anything about it -- cleaning up a decad...

Treasury Liquidity

So just what was the " disruption " in the Treasury market that so spooked the Fed, that now the Fed is buying more than the Treas...

GoodFellows: Cold War 2

The latest GoodFellows, on just how much we need to ramp up Cold War 2 against China. Since it was two against one, and I didn't ge...

Bond liquidity

When the Fed stepped in, were corporate bonds "illiquid," the market "dysfunctional," or were the prices just low, as th...

We were prepared

A lovely compilation from Judge Glock . Some excerpts six months before the current outbreak, Congress passed the Pandemic and All-Hazards ...

Mitigating moral hazard -- unemployment edition

As Kurt Huffman, restaurant owner, writes vividly in the WSJ , concerns that unemployment insurance paying more than wages might induce peop...

Take Time Now to Update Fee Schedules

If you haven’t negotiated increased fee schedules with your contracted insurance companies recently, now would be a good time to do so. Requ...

Forbearance

Peter Wallison has a worthy OpEd in the WSJ, " Forbearance ." Continuing my earlier thoughts on the financial response here and h...

Tidbits of wisdom

From my Hoover colleague Niall Ferguson It is not just that Trump bungled his response to the crisis (though he certainly did). Much more t...