Health Care

Cornell University Physician: I Was Wrong about Covid Vaccine Mandates

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FEE Stories

Jon Miltimore

The great martial artist Bruce Lee reputedly said that all mistakes are forgivable—if one has the courage to admit the mistake.

Paul Fenyves, a primary care physician in New York City who specializes in internal medicine, seems to have learned this lesson. Fenyves, a primary care doctor at Weill Cornell Medicine, recently admitted he was wrong to support vaccine mandates.

“I was initially supportive of Covid vaccine mandates in the Fall of 2021. At the time, I was told that Covid vaccines don’t only protect the individual receiving the vaccine, but they also benefit the community by reducing spread of the virus,” Fenyves wrote on the Substack Sensible Medicine.

Convinced that mandatory vaccination would create a “wall of immunity” that would bring the pandemic to an end more quickly, Fenyves said it …

What I'm Thinking

Taxing Mechanical Engineers and Subsidizing Drama Majors

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Marginal Revolution

by Alex Tabarrok

In The Student Loan Giveaway is Much Bigger Than You Think I argued that the Biden student loan plan would incentivize students to take on more debt and incentivize schools to raise tuition with most of the increased costs being passed on to taxpayers through generous income based repayment plans. Adam Looney at Brookings takes a deep dive into the IDR plan and concludes that it’s even worse than I thought. Here are some of Looney’s key points:

    As recently as 2017, CBO projected that student loan borrowers would, on average, repay close to $1.11 per dollar they borrowed (including interest). Borrowing was often perceived to be the least favorable way to pay for college. But under the administration’s IDR proposal (and other regulatory changes), undergraduate borrowers who enroll in the plan might be expected to pay approximately $0.50 for each $1 borrowed—and some can reliably expect to pay zero. As a result, borrowing will be the best way to pay for college. If there’s a chance you’ll not need to repay all of the loan—and it’s likely that a majority of undergraduate students will be in that boat—it will be a financial no-brainer to take out the maximum student loan. ....