In this excellent post, John Quiggin somewhat understates his claim The key passage “the same fundamental confusion I pointed out last time, trying to claim that rationality assumptions are both important and unfalsifiable.” and later at greater length “Williamson wants to have his cake and eat it. Most of the time he wants to help […]

By Rebecca Wilder This ‘Competitiveness’ Thing Is a Scam What is ‘competitiveness’? It’s an important part of the euro area leaders’ negotiated terms in the July 21st Summit announcement by the European Heads of State. The first paragraph, #4, and #11 of the announcement all refer to this issue of ‘competitiveness’: We also reaffirm our […]

by Michael Halasey Free market mechanics and healthcare… Now, I hear something all the time in my work in the health policy realm, and that is that the “free market” could lower prices. I even recently had someone approach me after I mentioned that the PPACA had resulted in an extra million people aged 18-25 […]