…home blog). But high drug prices simply aren’t much of a problem in the U.S. (though it’s a serious problem killing millions in poorer countries). For one thing, the standard…

…discussions pose the problems facing President Bush in his second term. Daniel Gross of Slate writes: The fiscal record of the past four years has been one of unmitigated—and seemingly…

…markets such as credit restrictions on certain industries. The problem is that this doesn’t do much to alleviate China’s real problem: the massive influx of foreign direct investment. So while…

…falling? The obvious answer is: “Have more children!”. The only problem is that you can’t legislate fertility and even if you could, you face a time-lag until the children enter…

Medicare Drug Benefit Update Reading Today’s Daily Howler, I see that the NYT has a new story on the Medicare drug benefit. The Problem? The NYT’s figures and analysis exclude…

The “China Problem” on the Economic Agenda Along similar (trade-related) lines… There’s is an interesting story in CBS MarketWatch about Snow’s trip to China, and the US-China economic relationship more…

…of connecting the problem of low consumption in China with the problem of low labor share in advanced countries. He is on the verge of an illumination about the dynamics…

…full employment. The problem is that they decided to simplify their model of the world by considering only two agents, the state and a representative consumer (who owns the firms)….

…to consider their race. The Times editorial also notes the Sixth Circuit’s recitation of an appalling problem with this particular voter initiative–a problem to which I was witness. The editorial…

Brad DeLong reviews Alan Greenspan’s new book: Alan Greenspan: The Map and the Territory: Risk, Human Nature, and the Future of Forecasting: The true size of the American subprime problem…