Category Archives: Economics

A Libertarian Approach to Anti-Smoking Letter in the NYT

On Friday morning, the New York Times published a guest editorial by Peter B. Bach, a pulmonary physician who directs the Center for Health Policy and Outcomes at Memorial Sloan Kettering Cancer Center in New York. The piece, which is … Continue reading

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The Oxfam Statistic is Only a Starting Point

A recent analysis by Oxfam, an international organization aimed at reducing poverty levels throughout the developing world, has calculated that the 85 wealthiest individuals own as much wealth as the 3.5 billion poorest individuals. The report has understandably met with … Continue reading

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Milton Friedman Predicts the Rise of Bitcoin

I’ve seen this video making the rounds on Twitter and in the blogosphere recently: Of course, there’s been a lot of talk about Bitcoin in general. I’m no expert, and I’m not comfortable coming out one way or the other … Continue reading

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Thinking Outside of the Box on Climate Change Solutions

Over the weekend, Mike Sandler published a column in the Huffington Post arguing that Janet Yellen, who has since been confirmed as the next Chair of the Fed, should try to use her newfound influence to impact, of all things, … Continue reading

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Locally Grown Hospital Meals: No Price Competition Means Providers Compete on Amenities

It’s common knowledge by now that most hospital prices do not bear a relation to reality in the same way that the prices of most of the other goods and services in the economy around us do. It’s generally not … Continue reading

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More on Myerson: Food for Thought on Sovereign Wealth Funds

Last night, I wrote about the ongoing controversy over Rolling Stone contributor Jesse Myerson’s “Five Economic Reforms Millenials Should be Fighting for,” raising a couple of concerns to the first two components of his platform (guaranteed employment and basic universal … Continue reading

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Myerson’s Five Economic Reforms Fall Short

Since Charles Cooke’s tweet yesterday, Twitter has been abuzz over Jesse Myerson’s ‘Five Economic Reforms Millenials Should be Fighting For’ article over at Rolling Stone. (Nick Gillespie of Reason has already written a column arguing that Myerson’s article is most … Continue reading

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The Chronicle: Socialist in Seattle

This week’s Chronicle column, just in time for Thanksgiving, is about socialist Seattle councilwoman Kshama Sawant’s attempt to induce Boeing machinists to stage a violent takeover of the aerospace company’s Puget Sound area factories. Enjoy! Tweet

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US Physicians: More Efficient, or More Protectionist?

In yesterday’s post, I discussed the importance of considering real resource costs when discussing health care expenditures, rather than simply looking at “spending totals” on their own when comparing international systems. I quoted heavily from John Goodman’s work in that … Continue reading

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Consider Health Care’s Opportunity Costs

There is an old joke in economics that goes something like this: two economists run into each other on the street. The first economist asks the second, “How’s your wife,” and the second replies, “Compared to what?” I was reminded … Continue reading

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