Summary: Conservatives' bold propaganda have made Americans fear the health care systems of our peer nations, systems that produce equivalent care a half the cost (or less) or ours -- but cover everybody. America's march to universal coverage began with Medicare (1965) and Medicaid (1966). Obamacare expanded it, covering more people but at unsustainable cost. … Continue reading Single payer healthcare is coming to America. It’s inevitable.
Summary: Trump and other opponents of free trade make many bold claims about its harmful effects. Here Ed Dolan looks at the facts to see if they agree with Trump. That is nice to know before Trump attacks the global trade system, a pillar of the world order that has brought unprecedented prosperity to the world. … Continue reading A powerful defense of free trade by Ed Dolan, before Trump attacks it
Summary: As we approach the fiscal cliff, economists of different schools offer radically different advice. Austrians and Chicago-ians warn about the consequences of anything other than a fast austerity. Keynesian economists suggest continued deficits until the economic growth (and especially unemployment) return to acceptable levels. And advocates of modern monetary theory (MMT) tell us not … Continue reading Ed Dolan Asks: What Does it Mean for Fiscal Policy to be “Sustainable”? MMT and Other Perspectives
Summary: Next in a series about economics and the global government debt crisis, Ed Dolan talks to us about modern monetary theory. How does it differ from mainstream economics? And he has a few words to say about the Austrian school. This was lifted from the comments of yesterday's post. Other posts in this series: … Continue reading Ed Dolan talks to us about modern monetary theory. Can it save us?