Editors’ Picks: 3 May 2020

Every Sunday, let the editorial team provide your weekly roundup of interesting stories, normally from the realm of economics. Normally we’ll focus on economics news. But these aren’t normal times. Since most news these days is about the economy’s apparently impending doom, we’re taking the liberty to step outside the field of economics. Despite our fervent passion, we need a break.

Kick back as you enjoy the stories you missed, reflect on the week that was and get ready for the next.

This week: probability statements, flowers and princesses 

“Fed Chair to Congress: Do Whatever It Takes to Keep the Economy From Collapse” – Neil Irwin

Central bank independence is an established notion in many countries. Can the current crisis fade this line? In the US, Federal Reserve leaders generally remain staunchly apolitical in public, refraining to comment on policy. Last week, however, Jerome Powell made clear what he thinks are potential fiscal policy actions.

A Failure, But Not of Prediction – Scott Alexander

What went wrong with the media’s coronavirus coverage? Scott Alexander discusses how we should examine the claims made by the media and challenges our natural reactions to probability statements. 

Who’s Afraid of the Big Bad Debt – Simon Rushton

With all of this government expenditure, many of us are considering the implications of the massive COVID-19 debt for our generation and the future generation to come. Do we really carry the burden of paying back all this debt? On a similar note, should you perceive this as a burden?

Popular Princess – BBC

They say habits start at home, but the homely nature of a humble princess is bountiful as she delivers care packages to our most vulnerable.

With or without the beholder do we see art thriving – Nancy Coleman

A season of indoors has been brought upon us, and as a result a million odd things to do, but looking outside we find our northern brethren seeing a season of blooming life capturing an ever-changing beauty.

Coronavirus bursts the US college education bubble – Rana Foroohar

Bubbles are bursting everywhere. How does the current crisis impact US college students already riddled in debt?