The Best Inflation News This Week Actually Came Out of Congress

“As part of the new rules package approved by House Republicans this week, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) will now be required to score legislation on projected macroeconomic effects—including inflation.
That’s a welcome change that will provide more information to lawmakers and the general public about the impact of spending bills.”

New Data Show COVID School Closures Contributed to Largest Learning Loss in Decades

“the National Center for Education Statistics (NCES) released new data showing a dramatic decline in test scores among American 9-year-olds since the start of the COVID-19 pandemic. The data indicate a devastating learning loss among American schoolchildren, marking the largest decline in reading scores since 1990, and the first ever recorded drop in mathematics scores.”

Survey Finds No Rise in Anti-Asian Violence, Assaults Declined in 2020

“Some recent evidence has suggested that the national period of declining crime—which began in the mid-1990s, as rate of violence fell dramatically in the U.S.—may be over: The most recent Uniform Crime Report (UCR), an important though incomplete snapshot of homicides nationwide, found that homicide had increased by 30 percent from 2019 to 2020.

But just-released data from the National Crime Victimization Survey (NCVS) paints a much less depressing picture. According to the 2020 NCVS report, the violent crime rate actually declined last year, if homicides are excluded. Moreover, the popular narrative that former President Donald Trump’s anti-China rhetoric caused some spike in hate crimes against Asian-Americans appears to be wrong. For Asian-American victims, both the violent crime rate and simple assault rate declined from 2019 to 2020.

It’s important to interpret these findings cautiously. The NCVS does not count homicides; the data comes from telephone interviews with random Americans. It’s thus a scientific survey, rather than a tally of actual crimes.

The UCR, on the other hand, consists of crimes reported to the FBI by law enforcement agencies. Police departments are not required to report any information at all, which means that the UCR is in some ways more accurate—these are verified reported crimes—but also more statistically unreliable. Year-to-year fluctuations in the data might represent different reporting procedures rather than any actual increase in crime; the overall number of crimes reported to the FBI is obviously just a small snapshot.

The public should take the findings from both reports with a grain of salt. It could be the case, obviously, that murders in cities increased while other categories of crime decreased elsewhere; it’s also possible that certain minority communities suffered increased crime in a manner that isn’t captured by the data. But with so much bad news about rising violence, the NCVS data suggests that things might not be as bad as we think.”

George Floyd’s Horrifying Death Highlights Stark Racial Disparities in the Use of Police Force

“In a 2017 analysis of data from 20 states, researchers at Stanford University found that “white drivers are searched in 2.0% of stops, compared to 3.5% of stops for black motorists and 3.8% for Hispanic motorists.” After the researchers controlled for stop location, date and time, and driver age and gender, they calculated that “black and Hispanic drivers have approximately twice the odds of being searched relative to white drivers.” They were also twice as likely to be arrested. The study found that “black and Hispanic drivers are searched on the basis of less evidence than white drivers, suggestive of bias in search decisions.”

After surveying drivers in the Kansas City area in 2003 and 2004, Charles Epp and two other researchers at the University of Kansas classified police encounters based on the legal justification (or lack thereof) and the amount of discretion involved. They found that black drivers were no more likely than white drivers to report clear-cut “traffic safety stops” (e.g., for running a red light or stop sign, driving at night with headlights off, or exceeding the speed limit by seven or more miles an hour) but were nearly three times as likely to report seemingly pretextual “investigatory stops” (e.g., for an unilluminated license plate, driving too slowly, or no reason mentioned by the officer).

During investigatory stops, Epp and his colleagues reported, black drivers were five times as likely as white drivers to be searched. They were also more likely to be handcuffed and threatened with arrest, and more likely to describe the officer’s demeanor as rude, hostile, or insulting. Blacks perceived investigatory stops as less legitimate than traffic safety stops, while whites made no such distinction. The more stops black drivers had experienced, the less they trusted the police, an effect that was not apparent among white drivers.”

Has Sweden found the best response to the coronavirus? Its death rate suggests it hasn’t.

“using the Our World in Data website’s coronavirus statistics, helps put Sweden’s situation in perspective. It compares countries’ rates of coronavirus deaths per 1 million people.
As the chart shows, Sweden is actually faring worse than other Scandinavian nations and even worse than the United States, which has the highest number of confirmed total cases in the world.”

“Following the advice of the country’s chief epidemiologist, Anders Tegnell, the Swedish government chose not to impose strict lockdowns, curfews, or major border closings because the government felt it would hurt the economy and would only push the crisis further down the road.”

“while experts say the vast majority of Swedes followed the government’s social distancing guidelines and voluntarily stayed home, those who continued to drink at bars and shop at stores likely spread the disease around.”

“Sweden’s public health officials now admit: That “more than 26 percent of the 2 million inhabitants of Stockholm will have been infected by May 1.””

“Where Sweden does compare favorably to the US is the country’s death rate when compared to New York City’s (not the whole US). About 12,000 reported deaths as of April 28 in a city of 8 million is surely worse than 2,300 deaths in a country of 10 million.

But there are three main reasons why the Big Apple would be worse off than the entire country of Sweden, experts say.

The first is population density: New York City has more than 38,000 people per square kilometer, while Sweden has just 25 people — meaning it’s harder to socially distance in New York.

Second, some hospitals in New York City were overwhelmed while Sweden still has about 250 hospital beds unoccupied. There are indications, though, that the hospital surge in New York City is declining.

Finally, there is significantly more international travel to New York City than there is to Sweden, which means there were more opportunities for people from countries suffering from severe outbreaks to spread the virus to the city than to the European country.

But when zooming out, it’s clear that Sweden as a whole is worse off than the US as a whole. That could, of course, change down the line, but any current arguments that Sweden got its outbreak response right are premature at best and dangerous at worst.”