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The Macro View – Health, Economics, and Politics and the Big Picture. What I Am Watching Here And Abroad.
July 14, 2022 Edition-----The biggest news this week was the assassination of the ex-PM of Japan – Shinzo Abe – who was a good friend to OZ incidentally.In the US we have had a wind-up to a busy summit season – NATO etc – and the ongoing war in Ukraine which is becoming a deepening, protracted and horrible situation which it seems hard to resolve sadly.In the UK Boris is out but not gone and the battle for the succession is off and rolling.In OZ we have Albo back and we need to work out what to mitigate these various natural disasters and actually get on with it!!!! The response has been pathetic so far I reckon!--...
Source: Australian Health Information Technology - July 14, 2022 Category: Information Technology Authors: Dr David G More MB PhD Source Type: blogs

Should “Core Inflation” Include Jet Fuel?
Alan ReynoldsUnsurprisingly, airline fares generally rise and fall with jet fuel prices which, in turn, mirror global crude oil prices. Yet airline fares are part of the “core” Consumer Price Index (CPI), which supposedly excludes food and energy.Futures prices for crude oil and grain have soared since last December when Russia began to amass troops around Ukraine. That rise in global commodity prices, in turn, has greatly increased costs of producing and distributing everything from plastics to fertilizer and meat. And, of course, so ‐​called “core” transportation services, such as airfares.In the CPI, airline...
Source: Cato-at-liberty - July 13, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

Countries With Higher Interest Rates Have Higher Inflation
Alan ReynoldsA recent headline exclaimed: “Central Banks Should Raise Rates Sharply or Risk High‐​Inflation Era,BIS Warns. ” The Bank for International Settlements is owned by 61 central banks, so they should know better than to equate higher interest rates with lower inflation.Countries with the lowestcentral bank interest rates (below zero) include Switzerland and Japan, according tothe BIS.Those with the highest policy rates include Argentina and Turkey, with rates of 49% and 14% respectively.Should we conclude that Argentina and Turkey are valiantly fighting inflation with high interest rates while Switzerland ...
Source: Cato-at-liberty - July 1, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

It Is Hard Not To Agree That We Need Better And Smarter Regulation Of AI Than Exists At Present!
This appeared last week: 6:00am, Jun 20, 2022 Updated: 6:44pm, Jun 19 Alan Kohler: Sentient or not, AI needs regulating Alan Kohler In the 2001 film, AI Artificial Intelligence, Professor Hobby (William Hurt) says lovingly to the AI robot he created: “You are a real boy, David.” Life imitates art: Last week Google put an engineer on paid leave after he published the transcript of an interview with an artificial intelligence chatbot called LaMDA, claiming that it is sentient, about the level of a seven-year-old child. Blake Lemoine, the engin eer in question, appears to have decided he’s Professor Hobby, and LaMDA is ...
Source: Australian Health Information Technology - June 30, 2022 Category: Information Technology Authors: Dr David G More MB PhD Source Type: blogs

The Macro View – Health, Economics, and Politics and the Big Picture. What I Am Watching Here And Abroad.
June 23, 2022 Edition ----- The news globally continues to get worse with rising fears of inflation fuelled recessions seemingly becoming more likely in the US, UK and the EU. Hard to know but Aus does not seem to be in much better shape. Elsewhere China is still fisting the COVID and finding it pretty hard to get rid of while slowing its economy in the battle. In OZ it is hard to avoid the feeling that things are pretty rocky with a real energy crisis, share market near collapse, rising inflation, huge debt, fiscal strains and geopolitical stresses and no obvious plan to get things back on the rails any time soon! I bet A...
Source: Australian Health Information Technology - June 23, 2022 Category: Information Technology Authors: Dr David G More MB PhD Source Type: blogs

Trial By Error: An FND Patient ’ s View – and More on Those Inflated Prevalence Rates
By David Tuller, DrPH In a post last week, I noted that experts in FND have a tendency to assert prevalence rates that ignore their own diagnostic criteria. Before offering further thoughts on that score, I want to make one point very explicit: I am in no way questioning whether people with the diagnosis have […]
Source: virology blog - June 22, 2022 Category: Virology Authors: David Tuller Tags: Uncategorized Alan Carson FND functional neurological disorder Jon Stone Source Type: blogs

Carson v. Makin: Another Win for Education Freedom
Colleen Hroncich andSolomon Chen“If our neighbors have the freedom to choose a private school and receive tuition from our town, why are we denied this same benefit just because we desire a religious education for our daughter?” This simple question,asked by Maine parents Alan and Judy Gillis, is at the heart of today ’s Supreme Court ruling inCarson v. Makin.Fortunately for the Gillis family, and families throughout Maine, a  majority of the Court agreed. In a 6–3 decision, the Court ruled that “Maine’s ‘nonsectarian’ requirement for its otherwise generally available tuition assistance payments violate...
Source: Cato-at-liberty - June 21, 2022 Category: American Health Authors: Colleen Hroncich, Solomon Chen Source Type: blogs

Age-Responsive Human Rights Due Diligence
Alan Gutterman (Older Persons' Rights Project), Age-Responsive Human Rights Due Diligence, SSRN (2022): The UN Guiding Principles on Business and Human Rights were drafted and adopted to serve as universally applicable standards to support businesses in developing action plans for...
Source: HealthLawProf Blog - June 18, 2022 Category: Medical Law Authors: Katharine Van Tassel Source Type: blogs

The Reagan ‐​Volcker Years in Retrospect
Alan ReynoldsRichard Vigilante, an old friend from the Reagan years, reminds us of another old friend John Rutledge who worked with Larry Kudlow, Dave Stockman and me onthe 1981 presidential transition team. I  asked Stockman to invite Rutledge because I admired his writings about rational expectations and markets but also because he was a wizard with a rare DOS laptop (I did not buy a PC until 1982).Later that year, December 14, Rutledge wrote “Why Interest Rates Will Fall in 1982” forThe Wall Street Journal. That is the article Vigilante recalls as “the most prescient prediction by an economist that I have ev...
Source: Cato-at-liberty - June 17, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

Gun Rights Are Gay Rights
Andy CraigAs the nation continues to mark the month of June with festivals and parades, it is undeniable that Pride has gone mainstream. With events in even the most conservative parts of the country and corporate America eagerly participating, it ’s worth celebrating how much progress we’ve made on this front. LGBT individuals can be open about who they are to an unprecedented degree.The deadly stigmatization that was once so prevalent has not entirely dissipated, but it ’s not nearly as bad as it was within living memory for so many Americans. We now have full legal equalityincluding marriage rights, which seemed a...
Source: Cato-at-liberty - June 16, 2022 Category: American Health Authors: Andy Craig Source Type: blogs

What is Access to Justice?
Alan Gutterman (Older Persons' Rights Project), What is Access to Justice?, SSRN (2022): Research on access to justice has moved through a series of thematic waves that began with focusing on equality of access to legal services and continued with...
Source: HealthLawProf Blog - June 16, 2022 Category: Medical Law Authors: Katharine Van Tassel Source Type: blogs

Journalistic Misunderstandings About the PPI
Alan ReynoldsAccording to CNN, “The Producer Price Index, which measureswholesale prices before goods and services reach consumers, rose 10.8% in May compared to where it stood a year ago. ”The PPI is not in any sense a measure of“wholesale” prices and has not been called that since 1978 (it was much narrower and simpler in the old days).An AP headline declares, “US Producer Prices Soar 10.8% in May as Energy Costs Spike.” No, the PPI isnot a measure of business costs for energy or anything else. The price businesses receive for their sales may at times be a cost for other U.S. business...
Source: Cato-at-liberty - June 14, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

A Brief History of Hard and Soft Landings
Alan ReynoldsThis year marks the thirteenth time since 1954 that the Federal Reserve Board ’s policy‐​making Federal Open Market Committee (FOMC) began gradually ratcheting up the federal funds rate on bank reserves in a series of recurring steps. Eventually, however, the rate increases always stopped and the FOMC began bringing the “fed funds rate” back down.The inevitable series of interest rate reductions most often did not begin until recession had already begun, or too shortly before, so those monetary policy experiments are now looked back on as “hard landings.”Whenever the rate increases stopped in ti...
Source: Cato-at-liberty - June 14, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

Escalating Oil Prices and Fed Funds Rates Preceded Every Recession Since 1957
Alan ReynoldsIn 1997, Former Federal Reserve ChairmanBen Bernanke, while still an academic, wrote a famous historical study for the Brookings Institution: “Systematic Monetary Policy and the Effects of Oil Price Shocks” with Mark Gertler and Mark Watson.It began by documenting that “essentially all the U.S. recessions of the past thirty years have been preceded by both oil price increases and a tightening of monetary policy. ” So here we are again tightening monetary policy at a time of unaffordable oil price increases.In fact, Fed Chairman Jerome Powell argues the Fed must be more aggressive about r...
Source: Cato-at-liberty - June 10, 2022 Category: American Health Authors: Alan Reynolds Source Type: blogs

The Macro View – Health, Economics, and Politics and the Big Picture. What I Am Watching Here And Abroad.
June 09, 2022 Edition-----The Russian war on Ukraine is now well over 100 days old. The destruction and deaths are just awful and the world is being seriously re-shaped. Where this ends is unknowable but unlikely to be good.In the US we are seeing almost daily mass shootings and no-one seems to know what to do. Just pathetic.In the UK the hangover is slowly lifting after the 4 day royal celebration.In OZ we are having an energy crisis which we hope we will find solutions for soon!-----Major Issues.------https://www.theaustralian.com.au/business/economics/australias-labor-government-faces-a-whole-new-economic-ball-game/news...
Source: Australian Health Information Technology - June 9, 2022 Category: Information Technology Authors: Dr David G More MB PhD Source Type: blogs