…below the fold. The annual Reports of the Trustees of Social Security define ‘crisis’ in terms of ‘actuarial deficit’, or the gap between ‘scheduled benefits’ and ‘payable benefits’ and express…

…and experiments. One of those experiments may define the future of Medicare funding for surgeons, and then may define the future of most of the physician revenue cycle. Bundling. Bundling…

…Eisenhower’s observation about the opportunity costs of military spending using resources that would be better applied elsewhere and it refuses to adequately define the links between actual threats and expensive…

…together. This is clearly absurd and is not to be taken literally. As Krugman does. Worse than that, once you define labor in efficiency units, you define employment as the…

…So we should define a liquidity trap as a period with safe short term interest rates are zero and define a new term for the whole term structure is zero…

…certainly doesn’t at all mean that the Pareto efficient outcome is a Pareto improvement over the other outcome. uh oh. I have to define what general equilibrium theorists mean when…

…put up an article titled: Denying the Climate Crisis: A Comment from Jim Peden. We have well over 200 comments and still no Climate Crisis can be defined. Be especially…

…fall one or more of them will be sitting at the table when Social Security policy is hammered out. So LMS matters. A lot. But first lets define some terms…

…silly battle to define the ‘heart and soul’ of the GOP as either tax cuts or spending cuts? Why not define it as both tax cuts and spending cuts?” strikes…

…of, jumping around). But even more, I’m talking about his definition of “capital.” I’ve ranted frequently about economists’ failure to define this term or agree on what it means, and…