March 26th, 2010
…John Holahan and Bowen Garrett’s estimate of the reduction in uncollectible medical care bills that will follow from the expansion of health care insurance? As everybody knows, hospitals can’t (legally) turn away sick people. So when the uninsured are treated, somebody has to eat the lion’s …
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March 22nd, 2010
…Menzie Chinn’s geographic analysis of who signed the dueling economists’ letters on health care reform? Of the 41 professionals signing the letter favoring President Obama’s plan, only two (Kenneth Thorpe of Emory and Len Nichols of George Mason) are from …
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March 19th, 2010
…Michael Kinsley’s warning that inflation remains a clear (if not present) danger? Kinsley’s point is pretty straightforward. For good Keynesian reasons, Washington is currently running humungous budget deficits. But once the recession is over, there will be no political will to contain federal spending (especially on Medicare …
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March 11th, 2010
…the new book on financial innovation by Franklin Allen and Glenn Yago? Financing the Future: Market-Based Innovations for Growth offers an antidote to the conventional wisdom that Wall Street’s relentless search for profit has done more harm than good. The chapters on business and housing finance …
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March 1st, 2010
…Richard Thaler’s New York Times column on Tom Hazlett’s clever proposal [Download Here] to auction off the radio spectrum now set aside for over-the-air television?
Hazlett estimates that, sold to the highest bidders, this prime …
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February 24th, 2010
…Texas State University historian James McWilliams’ in-the-trenches example of how information technology has increased the productivity of social scientists? He was looking for insights into how 19th-century Americans viewed the concept of weeds, and was able to cull all the relevant documents from a database of …
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February 18th, 2010
…Beth DeSimone’s analysis of Federal Trade Commission Chairman Jon Leibowitz’s proposal to streamline the agency’s consumer protection powers on the Consumer Advertising Law Blog? Leibowitz, a former chief counsel to the Senate Antitrust Committee, is asking the Senate for an overhaul of procedures that limit both FTC …
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February 16th, 2010
…Mark Perry’s blog on the unintended consequences of the Department of Transportation’s new penalties for airline delays? Under a rule in effect April 29, a carrier that allows a flight to sit on the tarmac for more than three hours will be subject to a fine of $27,500 per …
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February 10th, 2010
…Richard Posner’s harsh analysis of President Obama’s jobs proposal? Though he has impeccable conservative credentials, Judge Posner is inclined to view the plan to offer employers a $5,000 subsidy for each job created through a Keynesian lens. And he rightly takes the White House to task for a …
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February 9th, 2010
…Ed Andrews’ critique of Paul Volcker’s plan for taming the big banks’ incentives to take excessive risks? Andrews, a former business reporter for The New York Times, points out that Volcker used bait-and-switch tactics, defining the problem in terms of “too big to fail” and then …
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy.
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