Relevant and even prescient commentary on news, politics and the economy.

The Changing Face of Health Care Fraud

Tom aka Rusty Rustbelt The Changing Face of Health Care Fraud Every President since Gerald Ford has campaigned against Medicare and Medicaid “waste, fraud and abuse.” Ditto many people campaigning for Congress. The primary fraud prevention systems are aimed at providers, with the Office of Inspector General (DHHS – CMS) and the FBI taking the […]

Airlines, A La Carte Pricing, Deregulation and Executive Pay – A Hodge Podge

by cactus Recently the ex-GF and I were traveling, and we ended up flying on United. I haven’t flown on United in recent years, as it hasn’t been a major carrier in a number of the places I’ve lived recently. Now maybe things have changed since the previous time I was in a plane (a […]

Political economy of lobbying

Rdan David Zetland at Aguanomics had some fun with a lecture and thought exercise. 02 November 2009The Political Economy of Lobbying Last week, I taught my students about different auction techniques. After I auctioned four books under different rules, I auctioned $1.00 for $3.75. Now before you say “WTF?” (or perhaps I am too late!), […]

Could Advancing Job Automation Technology Cause Structural Unemployment?

Rdan Martin Ford offers one man’s look into the future of a world in the USA of the results of continued increasing productivity, increasing income inequality, declining wage compensation, and consumption supported by debt. Robert touched on the issue recently, and Sandwichman has developed a range of thoughts on labor at Econospeak. One post cannot […]

Finacial blogger impressions

Rdan Steve Waldman at Interfluidity has written an impression of The financial blogger meeting with senior Treasury officials of last Monday. He also provides links to other main posts by those who attended. It is worth a visit.

Bruce Webb, Dale Coberly, Arne Larson and the National Academy of Social Insurance

Rdan The National Academy of Social Insurance report on options for Social Security is public and now available in pdf form. “The purpose of this report is to help analysts and policymakers consider options to bring Social Security into long-term balance in ways that also address concerns about benefit adequacy.” One cannot simply glance through […]