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.
Under the ACA, some 62 preventive services and products will be free (in the past much of the preventative medicine was charged to patient on a non-negotiated rate. Today, they are financed through regulations applied to the insurance industry): no copays and the deductible will not apply. The list includes vision checks for children, birth […]
Economic Populism Is a Dead-End for Democrats recently appeared in The Wall Street Journal, appropriately enough, and comes from Third Way. A commenter asked why it was important to list who was on the trustee list, which included some Dems and others. I won’t go through the laundry list on taxes, social safety net, and other […]
Sadly, not in the real world. But in the econoblogosphere. Much of that is arguably thanks to the newly launched Washington Center for Equitable Growth. Traveling and family time, so I can’t do a big writeup, so just a few somewhat randomly chosen links: Brad Plumer: Is inequality bad for economic growth? Jared Bernstein: The Impact of Inequality […]
Hilary W. Hoynes, Diane Whitmore Schanzenbach, Douglas Almond made a genuinely important contribution to the debate on the effects of social welfare programs in this NBER working paper/revised manuscript “Long Run Impacts of Childhood Access to the Safety Net” They took advantage of a natural experiment to estimate the long run effects of access to […]
It’s critical to understand that Third Way presents itself as “centrist” and a think tank: Third Way Via Huffington Post Bill Black summarizes the profiles of the trustees: Twenty of the twenty-nine trustees come from finance (counting the lawyer whose specialty is representing private equity firms). Their most common background is Mitt Romney’s — private […]
(Reuters) – Employers tried the carrot, then a small stick. Now they are turning to bigger cudgels. For years they encouraged workers to improve their health and productivity with free screenings, discounted gym memberships and gift cards to lose weight. More recently, a small number charged smokers slightly higher premiums to get them to quit. […]
In his speech on inequality Barack Obama said it’s also true that some programs in the past, like welfare before it was reformed, were sometimes poorly designed, created disincentives to work, but we’ve also seen how government action time and again can make an enormous difference in increasing opportunity and bolstering ladders into the middle […]