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Archive for December, 2009

“Yes, Mr. President”: Clunkers, not Kids »

Breaking news this week: Obama’s minions attacked Senator Joseph Lieberman and other independents/moderates on health care while that same faction begged with him not to have Senator Dick Durbin kill the DC Voucher Program. Durbin pulled the plug on those poor kids and Obama signed on the dotted line. [NOTE: I am opposed to any...
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See No Evil: Obama and Iran »

“You lie!” That line came from a Republican congressman when President Barack Obama delivered his speech in favor of national health care. The line is even more appropriate when discussing candidate–now President–Obama’s shifting policies on Iran. The Wall Street Journal summed up the latest do-nothing, say nothing, see nothing turn in Obama’s Iran policy:...
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Is Scandal Inevitable when Scientists Become Activists? »

Crosspost from a new blog on science policy, http://blindsciencepolicy.blogspot.com/ Was ClimateGate inevitable? Moreover, with all the negative attention given to corporate-funded research (supposed conflict of interest), what about government-funded research? If you research global warming and conclude there is no (or little) problem, how much will the government throw at a problem that doesn’t...
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Medicare’s Refusal of Medical Claims Continues to Outpace Private Rate »

In his speech to Congress on the need to overhaul health care, President Obama asserted: More and more Americans pay their premiums, only to discover that their insurance company has dropped their coverage when they get sick, or won’t pay the full cost of care. It happens every day. The following week, Health Care...
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Would a Health Insurance Mandate Help? »

One of the issues health care reform is grappling with is how to extend health insurance coverage to the uninsured. At first glance, it would appear that one way to make sure everyone has health insurance is to mandate that everyone has to buy it. This article indicates that about 16.2% of Americans are...
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Higgs Is Just a Pessimist »

“Higgs is just a pessimist” — how often I’ve come across expressions of that sentiment during the past twenty-five years! In certain circles, I have become the butt of jokes – some good-natured, some not – by virtue of my alleged pessimism. Okay, maybe I am somewhat pessimistic. My wife, who is confident that she knows...
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Another $50 Billion Stimulus Rush? »

Fresh from his recent White House-sponsored jobs summit, President Obama is pushing a new economic stimulus plan intended to soften the pain of a 26-year-high unemployment rate that sees one in ten Americans out of work. Against all expectations, $200 billion of the money originally appropriated by Congress for bailing out financial institutions under...
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U.S. Government Should Take a Lesson from Dubai: Leave Venture Capital to Capitalists »

The U.S. government is becoming Daddy Warbucks to an increasing number of firms. According to the Wall Street Journal: ... the government has become the nation’s biggest mortgage lender, guaranteed nearly $3 trillion in money-market mutual-fund assets, commandeered and restructured two car companies, taken equity stakes in nearly 600 banks, lent more than $300...
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Three Views on Profit »

My semester is over and I’ve just turned in my grades. One of the courses I taught this term was “History of Economic Ideas,” and one of my final examination questions asked students to compare the views of Karl Marx and Joseph Schumpeter with the Marshallian-neoclassical view on profit. These views are very relevant...
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New Dealers for the Second Amendment »

In 1941, the Roosevelt administration commissioned a radio special, “We Hold these Truths,” to commemorate the 150th anniversary of the Bill of Rights. Listen to it here. The producer and writer was Norman Corwin (an ardent New Dealer who is still going strong at age 99). It featured an all-star cast including Orson Welles,...
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