Washington Post (May 1)
“For all of us who have watched with mounting terror as President Trump offers the public a series of half-baked ideas and hunches on how to handle, treat and cure covid-19, the solution seems obvious: Follow the science.” Science alone, however, is insufficient. Leaders must be “informed deeply by science but also by economics, politics, ethics and other disciplines. Just as war is too important to be left to the generals, pandemics are too important to be left to the scientists.”
Tags: Pandemics
Reuters (April 29)
“There’s an end to everything except, apparently, central bankers’ creativity. Virus-damaged economies will need lots of help to heal, and more downturns are inevitable in the future. The monetary-policy bigwigs will keep coming up with more new ways to stimulate growth.” The Fed and BoE may “eventually overcome their aversion to negative interest rates” and/or “copy Bank of Japan chief Haruhiko Kuroda’s yield-curve control policy of targeting specific levels for 10-year government bond yields.”
Tags: BOE, BOJ, Creativity, Damaged, Downturns, Economies, Fed, Growth, Heal, Kuroda, Monetary policy, Negative interest, Virus, Yield curve
