Via Economist View comes Mark Thoma’s statement My latest column: Of Course the Safety Net Redistributes Income…That’s Why It Works: Many conservatives have attacked social insurance programs such as Social Security and Obamacare because they redistribute income from the rich to the poor, the young to the old, or from makers to takers. But there […]
In light of some of the comments to my post yesterday arguing that that the real reason that healthcare insurance companies are now madly encouraging Obamacare enrollment is fear of a pro-public-option or pro-single-payer political juggernaut, I want to make clear that by single-payer I do not mean Medicare-for-all. Single-payer would be, in essence, “the […]
I’ve expected this for some time, and here it is: The Wall Street Journal reports that insurance companies are set to unleash hundreds of millions of dollars in advertising to entice potential customers on to the exchanges created by Obamacare. As the Journal puts it: Insurers … are capitalizing on an unprecedented opportunity in a […]
Emerging Strategy for the DEMS; Karoli at Crooks and Liars, Dems Strategy on Extending Unemployment Insurance Dems will leverage their votes to pass the Farm Bill for an extension of Unemployment . “Now that Congress is set to leave town even as unemployment benefits for 1.3 million Americans are set to expire just after Christmas, […]
I normally don’t post here about high-profile news stories on which I have nothing, really, to add to what has been reported extensively in news stories or argued in opinion pieces in the mainstream media. So my first inclination when I saw an email from Dan Crawford yesterday suggesting that I post on the affluenza […]
When you hear people talk about the Global Savings Glut, you can be quite sure they are talking about monetary “savings” — the global aggregate stock of money embodied in financial assets. What they don’t seem to realize is that the net holdings of global financial assets minus liabilities — claims and counterclaims — is […]
Okay well he doesn’t say it quite so succinctly. Or categorically. In fact he hedges his statement several ways from Sunday, and uses a hundred-and-twenty-three-word paragraph to do so: The near-consensus view over here at Equitable Growth and at the Equitablog is that U.S. economic growth over the past generation has been very disappointing. Too-much of our economic growth […]
Obama argues that government action is required to redress the growing disparity between rich and poor, diminished opportunities for upward mobility and economic stagnation. Public opinion, at least according to the Stimson analysis, is moving in precisely the opposite direction. A 2011 Pew Research Center survey gives us a glimpse of some of the headwinds […]
Here, emphasis mine: It must affect your thinking somehow that they really believe in markets. I think that maybe he has a cognitive dissonance. His research shows that markets are not efficient. So what do you do if you are living in the University of Chicago? It’s like being a Catholic priest and then discovering […]
Below the fold is information on the job creators.