rdan WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH), chairman of the U.S. Senate Banking Subcommittee on Economic Policy, will conduct a hearing tomorrow on how best to establish a national manufacturing policy. Brown is a leading advocate in Congress for a manufacturing policy to strengthen the industry and ensure its future global competitiveness. Brown’s […]
by cactus Progress Report, and a Plea For Help Regular readers may recall that together with a co-author, I’ve been writing a book. The topic should be familiar to the coterie of merry madmen/madwoman who lurk at the blog as writers or readers or both: we look at how a large number of variables – […]
Robert Waldmann on Karl Marx, Arthur Laffer and Simon Peter. Which one here is not like the others, because he was a lunatic extremist egalitarian not an ambitious sophist ? Marx famously declared “From each according to his ability, to each according to his needs.” This is quite probably the grossest distortion of a quote […]
Robert Waldmann Kevin Drum writes Conor Friedersdorf has three reasons he doesn’t think he’ll be able to support any of the progressive healthcare reforms currently on tap. Argument #3: I keep seeing the argument that America is the leading health care innovator, and that if our system looks more like what Europe has, there won’t […]
by Bruce Webb House Education and Labor:: America’s Affordable Health Choices Act all links from the Committee web page. Summary Bill Text (1.7 MB PDF) CBO-Preliminary Analysis: Tri-Committee Health Care Bill Compare to the tables scoring the Senate HELP Bill Kennedy-Dodd Bill with CBO Scoring House Tri-Committee: Ten year addition to budget $1.082 trillion. Total […]
To often, we talk about models as if they are reality, instead of reflecting a reality that was approximated. At least forty economists, including at least three ‘Nobel’ Prize winners, know that: A rising tide lifts all boats only when labor and management bargain on relatively equal terms.
by Bruce Webb The MSM and the blogosphere alike are ablaze with speculation about exactly what secret program the CIA kept concealed for eight years. Assasination squad targetted at al-Qaeda? Well since we have been firing Hellfire missiles from Predators whenever we suspect the presense of high level al-Qaeda for years now that news would […]
by cactus The inimitable TBogg sums up one of the big arguments against having the gubmint involved in healthcare: Because, when it’s on the governments tab, innovation dries up, which might explain why our military men and women are currently fighting in Iraq and Afghanistan with pointy sticks and small but sharp-edged pebbles. A few […]
by Bruce Webb Over at TPM Justin Fox is launching a discussion of his new book The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street which feeds right into some discussions we have had here at Angry Bear. So I propose to give his set-up here and then […]
Robert Waldmann It sure looks like the US economy would benefit from a second stimulus. However, it also looks clear that congress will not pass an optimal second stimulus. Getting my thoughts on economics and politics from a philosophy major, I note that Matthew Yglesias notes that it would be very hard for congress to […]