I want to call out this particular point in my larger tweetstorm, because it sorta maps onto a dumb talking point from the left: "The government can borrow and spend any amount we want. American *can't* have a Greek-style debt crisis, because we borrow in our own currency!"
But American institutions are strong in significant part because we don't let politicians act like Donald Trump, particularly not when they get close to the white house. It's not a law of nature; it's something we're actively doing. If we stop doing it, we lose our immunity.
— Megan McArdle (@asymmetricinfo) January 8, 2021
What would make them decide this? The fastest way would be for America to borrow a metric crap ton of money, and then default or let inflation eat away the value of our loans so we're repaying pennies on the dollar in real terms.
More from Government
The Government is making the same mistakes as it did in the first wave. Except with knowledge.
A thread.
The Government's strategy at the beginning of the pandemic was to 'cocoon' the vulnerable (e.g. those in care homes). This was a 'herd immunity' strategy. This interview is from
This strategy failed. It is impossible to 'cocoon' the vulnerable, as Covid is passed from younger people to older, more vulnerable people.
We can see this playing out through heatmaps. e.g. these heatmaps from the second
The Government then decided to change its strategy to 'preventing a second wave that overwhelms the NHS'. This was announced on 8 June in Parliament.
This is not the same as 'preventing a second wave'.
https://t.co/DPWiJbCKRm
The Academy of Medical Scientists published a report on 14 July 'Preparing for a Challenging Winter' commissioned by the Chief Scientific Adviser that set out what needed to be done in order to prevent a catastrophe over the winter
A thread.
The Government's strategy at the beginning of the pandemic was to 'cocoon' the vulnerable (e.g. those in care homes). This was a 'herd immunity' strategy. This interview is from
Government #coronavirus science advisor Dr David Halpern tells me of plans to \u2018cocoon\u2019 vulnerable groups. pic.twitter.com/dhECJNbmnI
— Mark Easton (@BBCMarkEaston) March 11, 2020
This strategy failed. It is impossible to 'cocoon' the vulnerable, as Covid is passed from younger people to older, more vulnerable people.
We can see this playing out through heatmaps. e.g. these heatmaps from the second
Here are the heatmaps for Covid detected cases, positivity, hospitalizations, and ICU admissions. This is for the week to 3 January 2021.
— Dr Duncan Robertson (@Dr_D_Robertson) January 7, 2021
I have marked a line on 21 September, when SAGE recommended a circuit breaker, so you can see how the situation has deteriorated since then. pic.twitter.com/SEEVgUVK4j
The Government then decided to change its strategy to 'preventing a second wave that overwhelms the NHS'. This was announced on 8 June in Parliament.
This is not the same as 'preventing a second wave'.
https://t.co/DPWiJbCKRm
The Academy of Medical Scientists published a report on 14 July 'Preparing for a Challenging Winter' commissioned by the Chief Scientific Adviser that set out what needed to be done in order to prevent a catastrophe over the winter
One thing civil servants learn is to write things down. Here is @acadmedsci's 14 July report commissioned by @uksciencechief. For the record.
— Dr Duncan Robertson (@Dr_D_Robertson) September 17, 2020
WOW, Mike Gapes and Joan Ryan are non-Labour JLM conference attendees discussing disciplinary processes with Keir Starmer and Angela Rayner but not a privilege afforded to the people who pay the wages of the party machine. #LabourLeaks #StarmerOut #LFI https://t.co/XZDKR5FmXC
So what should Peter Mandelson talk about at the recent Jewish Labour Movement conference – his worries that an independent process will hamper the party leader Keir Starmer?. #LabourLeaks #StarmerOut #LFI
Mandelson “was there in the 1980s and understands where the power bases of the right are, and how it should be exercised”. Who needs independent processes or oversight when you are in the driving seat?. #LabourLeaks #StarmerOut #LFI
Poale Zion trades as Jewish Labour Movement is a part of the Zionist Federation of the UK and organise within the World Zionist Organisation. You do NOT have to be Jewish or a member of the Labour Party to join. JLM contains CIA asset Ruth Smeeth. #LabourLeaks #StarmerOut #BICOM
Ruth Smeeth, one of the 60 plus anti-Corbyn resignations from the shadow cabinet, formerly held a post with the lobby group, Trevor Chinn's Britain Israel Communications and Research Centre (BICOM). #StarmerOut #BICOM #JLM https://t.co/H2a9vnsnRP
So what should Peter Mandelson talk about at the recent Jewish Labour Movement conference – his worries that an independent process will hamper the party leader Keir Starmer?. #LabourLeaks #StarmerOut #LFI
Mandelson “was there in the 1980s and understands where the power bases of the right are, and how it should be exercised”. Who needs independent processes or oversight when you are in the driving seat?. #LabourLeaks #StarmerOut #LFI
Poale Zion trades as Jewish Labour Movement is a part of the Zionist Federation of the UK and organise within the World Zionist Organisation. You do NOT have to be Jewish or a member of the Labour Party to join. JLM contains CIA asset Ruth Smeeth. #LabourLeaks #StarmerOut #BICOM
Ruth Smeeth, one of the 60 plus anti-Corbyn resignations from the shadow cabinet, formerly held a post with the lobby group, Trevor Chinn's Britain Israel Communications and Research Centre (BICOM). #StarmerOut #BICOM #JLM https://t.co/H2a9vnsnRP
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The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
