Tuesday, September 14, 2021

MilliCent

When I retired more than 4 years ago a top-priority task to keep me occupied was cleaning out the garage. It turned out that there were a lot of other things to do, and I never made it to the La-Z-Boy, let alone the mess in the garage.

As this Labor Day long weekend approached Vicky became very insistent that that we at least start actually doing some clearing. Our first target was the many boxes of books, a good portion of which were from the eclectic collection of the late Mark Weiser. In among them we found this 1998 CD, a relic of the early days of the Web when it was generally understood that the Web's business model would be micropayments.

Below the fold I discuss the history of what Paul Krugman would probably call a "zombie idea".

Monday, September 6, 2021

Excess Deaths

It is difficult to comprehend how abject a failure the pandemic response in countries such as the US and the UK has been. Fortunately, The Economist has developed a model estimating excess deaths since the start of the pandemic. Unfortunately, it appears to be behind their paywall. So I have taken the liberty of screen-grabbing a few example graphs.

This graph compares the US and Australia. Had the US handled the pandemic as well as Australia (-17 vs. 250 per 100K), about 885,000 more Americans would be alive today. With a GDP per capita about $63.5K/year, this loses the economy about $56B/year.


This graph compares the UK and New Zealand. Had Boris Johnson handled the pandemic as well as Jacinda Arden (-49 vs. 170), about 149,000 more Britons would be alive today. With a GDP per capita about $42K/year, this loses the economy about $6.3B/year.

A graph is worth a thousand words. Below the fold, a little commentary.