- With 2,401,224 seats available this week, Southwest has become the world’s largest airline by capacity, for now. This is an impressive figure no doubt, but one which quickly puts the covid-19 pandemic into perspective. In Jan 2020, American Airlines lead this figure with almost exactly double the seats, at 4.8 million.
You know, there was a BBC article a few weeks ago about new research on who was patient zero for Covid in the UK. The conclusion was that there was no single one, but likely hundreds if not thousands of tiny outbreaks, where only some of those spread far and wide. And they casually mentioned that for example just from Spain alone, each day up until Spain's lockdown 20,000 people filed to the UK. I've got an 816 page thicc tome on the design of airports that I've read in my bookcase but facts like these are one of the very few ways to properly understand the immense scale of the airline industry. Southwest could still fly half of LA out with that amount of seats.
I’m sorry, did you say NATIONALIZE THE FUCK OUTTA THE AIRLINE INDUSTRY
There will be a 'bl00's review. If you look up anyone's review of MMT you mostly get piss, vinegar and outrage. This is unfortunate, and fundamentally due to the fact that the people who review MMT disagree with its dogma, not its construction. Dogma be damned, the justifications, arguments and construction of MMT are fucking phantasms. I'm finishing this book mostly so I can be a dick to people about MMT.
Please do write the review of anything to do with the laffer curve. If you've already done so, please share. My conservative uncle keeps throwing it in my face like it's proven theory. The "gravity" of economic policy.
You would likely enjoy the writings of Ken Galbraith. He was a clever guy and a pithy writer. That "known unknowns" quote we blame on Rumsfeld started life as ...when talking about the Federal Reserve in The Great Crash. Here's what he had to say about the Laffer Curve:“There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”
“If you feed enough oats to the horse, some will pass through to feed the sparrows."