What drives value creation and innovation in the US economy? Competition. (I once asked the head of the McKinsey Global Institute how to make America more innovative. The reply: “Maximum competitive intensity.” Love it.) Well, make that most of the US … read more
Headlines across the media Friday morning highlighted the trustees’ announcement that the Hospital Insurance Trust Fund will become insolvent in 2026, two years later than reported in last year’s report. But what does this actually mean? What is “insolvency”? The … read more
What do people mean when they say that the government is not nearly as good as the market at allocating scarce resources? A story from today’s New York Times offers an anecdote from Obamacare: The Obama administration said Monday that … read more
What do you do when your boss asks you to purchase a tchotchke for his daughter’s school fundraising drive? If you are at all concerned about your career, you pinch your nose and pony up. The boss might be obnoxious, … read more
Nine years ago, I was one of the people contacted by an employee of the Indian drug company Ranbaxy. He alleged numerous fraudulent activities and I responded by increasing my investigations of fraud and drugs (read more here). He has … read more
US health care reform expands insurance coverage, but more reform is needed to control spending. Yet even as politicians and policy wonks continue to cook up cost-control schemes, the anemic economy may be doing the heavy lifting for them. But … read more
AEI health scholars have noted for years that Medicaid can sometimes be worse for a patient’s health than no coverage at all (see here and here), primarily because Medicaid patients have trouble finding doctors who are willing to treat them. … read more
A big reason the 61-page Obamacare application was so long was to make sure applicants really deserved government dough to offset the cost of buying insurance on the exchanges. Lots and lots of questions about income and what other government … read more
I was dismayed, but not surprised, to see Obama’s proposed budget for aid for global health. The president has capped overall spending and, in order to favor multilateral programs and because of existing priorities at the US Agency for International … read more
As the implementation of the major provisions of Obamacare approaches, it is increasingly clear that no one involved is prepared, and that the unintended consequences of the law’s conflicting objectives will be painfully compounded by a rushed and poorly managed … read more
You May Also Like
International conference on collateral risk: Moderating housing cycles and their systemic impact
Experts from the US, Europe, Canada, and Asia will address efforts to moderate housing cycles using countercyclical lending policies.
Balance: The economics of great powers from ancient Rome to modern America
Please join us for an event celebrating the release of Glenn Hubbard and Tim Kane’s “Balance: The Economics of Great Powers from Ancient Rome to Modern America” (Simon & Schuster, May 2013).
Economic liberty and human flourishing: Perspectives from political philosophy
At this event, three expert panelists will examine this relationship from the perspectives of influential philosophers such as Aristotle, Alexis de Tocqueville, and representatives of the Scottish Enlightenment.