Kevin Drum argues that demographic trends and political priorities are both conspiring to doom the Republican party to electoral defeat and that this helps explain the disarray of the Republican presidential campaigns so far. To the contrary, Matt Yglesias argues that…
Monthly Archives: October 2015
Are the Democrats poised to crush Republicans or will Republicans continue crushing Democrats?
Posted in Public Finance
Textbook examples of ‘moral hazard’ are not morally hazardous
I opened a copy of James Henderson’s 2012 Health Economics & Policy textbook today and saw a criticism of 3rd-party insurance payment illustrated by this example on page 7: Spending Somebody Else’s Money A Wall Street Journal article [by James P.…
Posted in Health
Seed Corn Is Not Food & Bank Reserves Are Not Money.
Banks are merely financial intermediaries that don’t use money as a medium of exchange for buying anything that contributes to GDP. If local banks save money at the central bank (the Fed in the US), it is merely the local…
Posted in Macro
Medianism 