Late posted, but still relevant: by Linda Beale The GOP Default Enthusiasts The New York Times has a story today about those in the GOP who don’t think the government of the USA defaulting on its debt for the first time in history is a big deal. Weisman, Many in G,O,P. Offer Theory: Default Wouldn’t […]
Lifted from comments on Conundrum on waste and value in American healthcare deserves a nod. Reader Denis points us to this NYT article: The soaring cost of a simple breath “The arsenal of medicines in the Hayeses’ kitchen helps explain why. Pulmicort, a steroid inhaler, generally retails for over $175 in the United States, while […]
On Breast Cancer and the chose of life over longevity, Maggie Mahar; The Healthbeat Blog Life Over Longevity HealthBeat readers may remember the two-part post that I wrote about Amy Berman back in October of 2011. Part 1 began: “When Amy Berman was diagnosed with Stage IV breast cancer a year ago, she made a […]
A comment by Arne in a previous post raised the idea that a tax transfer from capital to labor would raise the effective demand limit. So a video was made using the dynamic model for the circular flow to test his idea. As it turns out, the model shows that the natural real GDP equilibrium […]
From Uwe E. Reinhardt in the New York Times: When economists speak of the health system as a “high average-value sector,” they have in mind an average such as the distance AB in the chart divided by the distance OB, but with a monetary value – very often $100,000 or more – put upon the […]
Can Demography Explain Portugal’s Growth Slump Before The Crash? The above still comes from a recent Financial Times video entitled “Portugal’s Brain Drain”, which I encourage everyone to watch. The issue being raised revolves around the current acceleration of emigration from countries on the EU periphery, largely towards the EU core. Typically the emigrants are […]
Well the word out of DC this morning is that the GOP will cave on holding Obamacare hostage at least to the debt ceiling in exchange for negotiations on long-term debt with Social Security explicitly on the table. So it is time to review some basics here. First we have Public Debt and Debt Subject […]
*On-the-Record Media Call* Join Harvard University professor and economist Martin S. Feldstein and Peterson Institute for International Economics President Adam S. Posen today, October 10, at10:30 a.m. (EDT) for a discussion about the nomination of Federal Reserve Vice Chairwoman Janet Yellen to replace outgoing Federal Reserve Chair Ben Bernanke. Date: Today, October 10, 2013 Call […]
In her acceptance speech for Fed Chair, Janet Yellen said… (at the 1:30 point in this video from The Daily Conversation) “The mandate of the Federal Reserve is to serve all of the American people” And then it appears as though she almost choked on those words. She must sense the rage and power seething […]