Misinformation vs Disinformation
- Thread starter nsacpi
- Start date
nsacpi
Expects Yuge Games
Facts First: It's just not true that "there was no vaccine available" at the time Biden took office. About 3.5 million people were fully vaccinated against Covid-19 and about 19 million people had received at least one vaccine dose as of Biden's inauguration day on January 20, 2021, according to statistics published by the US Centers for Disease Control and Prevention. The US was already administering an average of more than 1 million doses a day at the time. The first doses administered outside trials were given on December 14, 2020, while President Donald Trump was still in office. And Biden himself received his second dose nine days before he was sworn in.
https://www.cnn.com/2022/05/13/politics/fact-check-white-house-no-vaccine-available-tweet/index.html
should be called out and has been by several fact checkers
nsacpi
Expects Yuge Games
Not bad. There is something called the Modigliani-Miller theorem that addresses some of these issues.
I would say there is some effect from reducing the return on capital on investment.
There is also an offsetting effect by reducing the cost of capital (smaller deficits reduce interest rates).
The net effect on investment is pretty small. Could be slightly negative could be positive (there is a whole literature on crowding in and crowding out of investment from government deficits). But it isn't something that should override the need to reduce fiscal stimulus during a time of high and rising inflation. You raise taxes or cut spending. In an ideal world you mostly raise taxes on bad stuff (like fossil fuels, booze, fast food, cigarettes, etc). And cut waste and fraud.
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nsacpi
Expects Yuge Games
If a business is trying to maximize profit will it make a different set of choices with respect to pricing than a business trying to maximize a multiple of profits. Say .9 of profits.