From economist Tyler Cowen at Bloomberg, What Democrats Won’t Admit About Voters and Health Care But keep in mind that the American Health Care Act of 2017 does not prevent states from spending whatever is needed to cover pre-existing conditions, if
Steel prices are the lowest they have been in 15 years. In China it is cheaper than cabbage. Stainless and aluminum are also very low. Oil is also bouncing around new lows. A sharp drop in industrial commodities has some
April marks my fifth year blogging, with over 2,000 postings. When I started I had no idea where this was going. It provided an outlet for writing and thinking and it became a public notebook of my thinking and reading.
Some commentators have expressed a nostalgia for aspects of the economic world of the 1950s, as Paul Krugman suggested in his book The Conscience of a Liberal. I can understand the sentiment, since the 1950s brught a lot of growth,
I find books like Tyler Cowen’s The Great Stagnation to be refreshing and valuable not because they are right or wrong but because they offer a different perspective that what we are commonly fed. Much of our policy from both
Some of the major technological marvel of today’s world are not doing much to create new jobs. They’ll bring big gains but without putting too many people back to work, IT specialists of the right kind excluded. The internet is
For the last forty years, most Americans have been expecting more than their government is capable of delivering. That mistake is at the root of why our government is functioning poorly. Instead of admitting its limitations, or trying to manage
Over time, an increasing percentage of what we spend on government is spent on optional rather than core services because the core services tend to have been around longer. Another way of putting it is to say that the marginal