7. I could link to Matt Levine every day, but do read this one on liquidity transformation.
8. How is the cloud holding up? A good post.
12. The true story of the toilet paper shortage: it’s not about hoarding, rather a shift of demand away from the commercial sector into the household sector (you are doing more “business” at home these days).
14. Fan, Jamison, and Larry Summers 2016 paper on the economics of a pandemic. I wrote at the end of the blog post: “In other words, in expected value terms an influenza pandemic is a big problem indeed. But since, unlike global warming, it does not fit conveniently into the usual social status battles which define our politics, it receives far less attention.”