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

Anxious Delusions

By Noni Mausa Courtesy of Science News, here, we find that mental disorders are actually under-diagnosed, rather than the other way around. Rates of common mental disorders double up Depression, anxiety and substance abuse may affect many more people than previously thoughtBy Bruce Bower Thursday, September 17th, 2009 Some mental disorders aren’t merely common—they’re the […]

Baucus’s Side Deal Comes Unstuck

by Bruce Webb The Amendments Are In — All 543 of Them The Friday 5 p.m. deadline has passed for filing amendments to the health care legislation in the Senate Finance Committee, and aides to Senator Max Baucus have finished tallying them: 543 in all, from both Democrats and Republicans. Senator John D. Rockefeller IV […]

Verklaerte KristolNacht

Brad DeLong finds the quote that tells you everything you need to know about the origins of the Neoconservative Movement: Among the core social scientists around The Public Interest there were no economists….The task…was to create a new majority, which evidently would mean a conservative majority, which came to mean, in turn, a Republican majority… […]

Discussing a Quotation

Robert Waldmann “Nobody else gets hurt if you buy a lousy mortgage pool,” Cochrane said. “The government doesn’t need to write a new rule every time someone buys a rotten tomato. Investors will demand the right amount of transparency, complexity, and risk-sharing – or monitoring of mortgage pools – unless they all get bailed out […]

If You’re Marking a Curve, you need to identify an equilibrium point

Via the must-read Susan of Texas, Ezra Klein finally comes to some of his senses: couldn’t get an answer to a very simple question: What level of spending on health care was optimal for innovation? Should we double spending? Triple it? Cut it by 10 percent? Simply give a larger portion of it to drug […]

Quote of the Day

Health Affairs tells the truth and shames…well… Unlike for-profit firms, a public plan has no incentive to cut corners and prevent providers from giving their patients quality evidence-based care, because its ultimate goal is public health, not private profit. Nor does it have any interest in sideswiping regulations and shortchanging consumers. Free market proponents argue […]

Are the Health Care Exchanges and Public Option Walled Off?

by Bruce Webb (Update. A tech problem currently prevents me from responding to comments, though not from updating the post. Keep those questions coming and maybe I can address them in a later post.) With the release of the Baucus Chairman’s Mark it became apparent that there are some profound misconceptions floating around the existing […]

Flow of Funds Accounts: some are deleveraging, while others are not

by Rebecca The Federal Reserve released its quarterly Flow of Funds Accounts, and the message is crystal clear: the private sector is dropping debt burden, while the public sector is growing it. Quarterly private sector debt growth, households + nonfinancial business + finance, has been slowing or negative since the second half of 2007. In […]