…only somewhat, caricatured view of U.S. health care: It’s a system in which taxpayers bear the cost of major medical care, but this taxpayer money flows through private companies that…

…in the Middle East that began on 28 February 2026 has impeded oil flows through the Strait of Hormuz, with export volumes of crude and refined products currently at less than 10%…

…that banks aren’t loaning money, and they’re still not loaning money, why is it worse for gubmint to loan money directly to people and corporations that need it than it…

…prize-money was not subsequently paid out in cash, but the successful test subjects were allowed to choose goods from a catalogue – including CDs, sun cream or computer accessories. “We…

…importantly money holdings by firms (and the gov if you count them) are insignificant compared to money holdings by households. The correct quantity variable for money demand estimates is consumption…

US Money Supply Numerous people have commented in recent weeks about the drop in the US money supply over the past few months. The graph below illustrates the concern. “Narrow”…

…The whole thing was an introduction to the fiction that is money. This idea is imbedded in the title of Jacob Goldstein’s book “Money: The true story of a made-up…

…read. Medicare Advantage, Direct Contracting, And the Medicare ‘Money Machine,’ Part 2: Building on the ACO Model, Health Affairs, Richard Gilfillan and Donald M. Berwick. In Part one of this two-part post,…

…to spend TANF dollars. Arizona has used welfare money to pay for abstinence-only sex education. Pennsylvania diverted TANF funds to anti-abortion crisis-pregnancy centers. Maine used the money to support a…

Brad DeLong has a spat with Scott Sumner: The IS-LM model led economic historians to argue money was easy in 1929-30, because rates fell sharply. It led modern Keynesians to…