Monthly Archives: November 2019

Archive of posts published in the specified Month

Nationalizing Bad Outcomes

Imagine the compromises when 100 Senators and 435 Representatives bargain to get their piece of the health care allocation in an atmosphere where bitter partisanship rules every issue.  In other words what seems to work in Europe is not easily transferable to a radically different political and economic environment.   And the complete comparative picture is not as clear as we are led to believe.  Maybe we spend more on health care because we want to.

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A River of Aspirational Rhetoric

Warren is the epitome of the fatal flaw of our government; promising benefits without paying for them, hiding the costs in a maze of cross subsidies, mandates, taxes, regulations and proxies.  Contending that she can execute this strictly on the backs of the rich is a grotesque lie that only fools would believe.

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Deregulation and Antitrust

“Mr. Philippon is no fan of regulation. On the contrary, in his view political lobbying ensures that regulatory regimes benefit the status quo by limiting the entry and growth of small firms that might become challengers to big market players.”

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Is Inequality a Problem?

Relative poverty is a very different problem from absolute poverty.  If you were sitting in a room with a 100 executives making a six figure income and Bill Gates walked in, the inequality would skyrocket.  Is that a problem?

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The Other Side of the Argument

Science and politics mixes as well as religion and politics.  Politics puts science in a box; but science functions best best when there is no damn box.  Healthy skepticism is demonized.  The strength of an argument can be measured in its tolerance of and response to dissent.

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The Limits of Progressivism

The federal government can put Social Security and Medicare on the credit card for as long as demand for U.S. Treasuries is high. States and municipalities don’t have that luxury. There is an upper bound to what even the most progressive mayors and governors can grant the lobbies that mobilize voters for their campaigns. But it’s a glass ceiling. Public sector unions are eager to break it.

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