Sarah Kliff has a very helpful account of Vermont’s attempt to create a state-level single-payer health care system, and why it failed. It’s a bit like the old joke about the farmer, asked for directions, who says “Well, I wouldn’t start from here.” The point is not that single-payer is a bad idea. It is that given […]

The Clinton campaign is set to air this new, minute-long ad in Iowa and New Hampshire that has the feel of a closing argument: [picture from ad of a very solemn-faced Secretary of State Clinton standing next to Obama at the funeral of a fallen soldier or marine, and a link to the ad.] — […]

[T]there are serious questions about how we’re going to pay for what we want to see our country do. And, I’m the only candidate standing here tonight who has said I will not raise taxes on the middle class. I want to raise incomes, not taxes, and I’m going to do everything I can to […]

FOLLOW-UP TO: The critical point that Paul Waldman highlights, perhaps unwittingly, about the healthcare debate between Clinton and Sanders I exchanged the following comments with reader Lyle in the Comments thread to my post titled “The critical point that Paul Waldman highlights, perhaps unwittingly, about the healthcare debate between Clinton and Sanders”: Lyle /January 18, […]

Back when I was in college, a professor in one of the science courses I took in order to fulfill the Liberal Arts Science requirement made the point—maybe specifically in refutation of Creationists, although I don’t remember—that it is scientists, not those who contest and try to interfere with scientific discoveries, who will ultimately prove […]

Hillary Clinton had a clear strategy going into Sunday night’s fourth Democratic presidential debate: Hug President Obama — at all costs. “We have the Affordable Care Act,” Clinton said. “That is one of the greatest accomplishments of President Obama, of the Democratic Party, and of our country.” “I’m going to defend Dodd-Frank and I’m going to […]

Second, single-payer would require a lot of additional tax revenue — and we would be talking about taxes on the middle class, not just the wealthy. It’s true that higher taxes would be offset by a sharp reduction or even elimination of private insurance premiums, but it would be difficult to make that case to […]

Bernie Sanders has proposed a federal national health insurance system which will provide no-deductible no copay insurance to all US legal residents. Needless to say, this will be expensive. Amazingly, Sanders focused on what taxes he proposes be increased to pay for the program. Kevin Drum is very favorably impressed by the (relatively) honest budgeting […]

UPDATE: To see the winning Clinton claim, read my my comment to Robert Waldmann’s post above.  —- Last week when Chelsea Clinton made he now-infamous statements about Sanders’ single-payer healthcare insurance plan—specifically, the one he proposed as a bill in 2013, but presumably a blueprint for the one he plans to propose—I wondered how Sanders […]

Larry Summers has been writing about Secular Stagnation for Two Years. This is the post which triggered the trialogue It is an excellent and important post, but I will just take the non technical definition of Secular Stagnation The core idea behind secular stagnation was that the neutral real rate had for a variety of […]