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My weekly lecture for 2 February 2025

by trpliquidation
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My weekly lecture for 2 February 2025

by Paul Krugman, Paul Krugman -SubstackJanuary 31, 2025.

Extract:

Like me wrote recentlyIn the three decades since NAFTA came into effect, North -American production has evolved into a highly integrated system whose products in particular, but in wider produced goods – usually contain components of all three members of the pact, which can be Sent over the borders several times. Manufacturers not only developed this system because the rates were low or zero, but because they thought they had a guarantee that rates would do that stay low.

One way to say this is that until the other there was really no such thing as American production, Canadian production or Mexican production, only North -American production – a very efficient, mutual affordable system that was extended across the borders of the three nations .

But now we have an American president who says that a properly negotiated and signed trading pact is not worth the newspaper on which it is printed – that he can impose high rates on the other signatories whenever he feels like it. And even if the rates disappear, the private sector will know that they can always come back; The credibility of this trade agreement, or a future trade agreement, is lost. So the North American production will disintegrate-that means, disintegration-return to inefficient, fragmented national industries.

DRH Comment: Trump often tells about the beautiful taxes called rates. The rates are not beautiful. On the contrary: they will, like Krugman, say that he disintegrates a beautifully integrated production system.

By Timothy Taylor, Sprayable economistJanuary 31, 2025.

De Gatt, formally known as the general agreement on rates and trade, but informally known as the men’s agreement to talk and talk, was first signed by 23 countries in 1947. In recent decades, all that talking led to a substantial decrease From the rates all around the world. By 1994, the Gatt changed into the World Trade Organization. At that time it has [sic] About 125 countries, good for around 90% of world trade. From a free trade perspective it was a considerable success.

Here is my hypothetical question: could De Gatt expand the parameters of free trade in most of the world if it had also included the USSR?

By editorial board, Wall Street JournalJanuary 26, 2025.

Extract:

In 1986, the Congress set up the National Vaccine Lawy Compensation Program for Children’s vaccines because an avalanche from the market manufacturers wore. The program allows patients who believe that they have been damaged by vaccines to submit claims to the government for compensation, which have been assessed in special vaccine courts.

Why do vaccines get more liability protection than medicines? Firstly, the population of potential claimants is much greater for children’s vaccines than for any other medical product. Juries are especially sympathetic when it comes to children, so the payouts and potential liability are also much greater.

If patients do not like the judgment of the Vaccinhof, they can still sue manufacturers in the federal court. But they rarely do that, because De Standaard is higher in the federal court for the evidence of claims. But as a HHS secretary, Mr. Kennedy could take action to help his process-Lawyer friends.

The HHS secretary can add or remove vaccines of the compensation program and specify injuries that are eligible for compensation. Removing vaccines from the program would open manufacturers for massive torts based on weak evidence, including animal studies and spread human cases that claim to link injuries to the shots.

DRH comment: It’s nice to Magazine editors are not influenced by the maha [Make America Healthy Again] Push on Bobby’s confirmation. I have had some friends that I thought it was with me, tell me that we need the government to regulate, more than it does what is going on in our food. They often use the same arguments as me, and I thought they have been arguing for years, namely how little power individuals should choose to choose their food.

I also found Caroline Kennedy’s statement Interesting against her cousin. It comes down to “Bobby is a Kennedy.” I was stunned, but should not have been, because of her statement that if Bobby is confirmed at secretary of HHS, he will be in charge of the health of our nation. Who knew?

by Charles L. Hooper, Occasional insightsFebruary 1, 2025.

Extract:

After finding a few pharmacies in the area that agreed to fill the regulations [Dr. Stephen Banister] Wrote – the pharmacists had studied the same information and saw it potential – he started treating patients. Patients who went to other pharmacies were told that Ivermectin was not approved by the FDA for COVID-19 and were sent away empty-handed. He led them to his favorite pharmacies.

For every patient he treated, he dedicated them to report back every day. If the patient got worse, Banister had to know. That was never the case. Patients would report the next day that they felt a bit or a lot better. The next day they would feel even better. He treated 100 to 200 patients and although some quickly got better and others slowly improved, they all improved and no patient had to be admitted to the hospital.

Charley also refers to a number of pieces that we have co-author from Ivermectin.

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