Tag: Inflation
John R. Graham | Thursday February 23, 2017 at 9:36 AM PST
Before the Affordable Care Act passed in March 2010, President Obama repeatedly promised that the typical family’s health premiums would go down by $2,500 after implementing the expansion of health insurance we label Obamacare. Nothing of the sort has happened, of course. For the past few years, prices and spending have appeared moderate by...
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Tags: health insurance premiums, healthcare spending, Inflation, Medicaid, Medicare, Obamacare
Abigail R. Hall | Wednesday January 11, 2017 at 8:45 AM PST
It seems like Venezuela always provides great classroom examples for all the wrong reasons. I’ve written on this blog multiple times about the government of Venezuela and the polices it has enacted. I’ve argued that falling oil prices aren’t to blame for the country’s troubles and that the once-high oil prices only masked the underlying...
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Tags: Economics, Hungary, Hyper inflation, Inflation, Milton Friedman, Nicolas Maduro, Shortages, Venezuela, Weimar Republic
John R. Graham | Thursday October 6, 2016 at 3:59 PM PST
In July 2015, former Enron board member, New York Times columnist, and champion of ever more government control of health care, Professor Paul Krugman, wrote a disturbing blog entry: Wonkblog has a post inspired by the dentist who paid a lot of money to shoot Cecil the lion, asking why he—and dentists in general...
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Tags: dental costs, healthcare costs, Inflation, Paul Krugman
Abigail R. Hall | Thursday May 26, 2016 at 12:31 PM PST
On Sunday night, my husband and I sat down to watch comedian John Oliver’s show “Last Week Tonight.” The news satire program is a guilty pleasure for the both of us. As the host, Oliver often brings humor to many otherwise (rightfully) dreadful topics. Although I usually enjoy the show, that’s not always the...
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Tags: Economics, government, Inflation, John Oliver, Poverty, price controls, Shortages, Socialism, Venezuela
John R. Graham | Thursday November 19, 2015 at 9:05 AM PST
October’s Producer Price Index declined 0.4 percent, month on month, and dropped 1.6 percent, year on year. Mild deflation continues to take hold in the general economy. However, it is not so in health care. Of the 14 sub-indices for health-related goods and services, only three declined month on month. Only six declined year...
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Tags: health spending, Inflation
John R. Graham | Thursday October 15, 2015 at 11:39 AM PST
I admit this is getting a little repetitive, but it is not my fault the Bureau of Labor Statistics releases the Consumer Price Index one day after the Producer Price Index. The CPI confirms (once again) the price behavior indicated by yesterday’s PPI. While consumer prices were down 0.2 percent, month on month, and...
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Tags: healthcare spending, Inflation
Abigail R. Hall | Thursday September 3, 2015 at 5:43 AM PST
Whenever Venezuela comes up in the news the story is rarely good. From massive civil unrest, to rampant shortages, to hyper-inflation, to stories of squatters, the country is probably not on the top of many people’s “places I’d like to visit” list. While we may look at the situation in Venezuela and think, “wow,...
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Tags: Big Government, Economics, Inflation, Nicolas Maduro, price controls, Rent Controls, Shortages, Unintended Consequences, Venezuela
Lawrence J. McQuillan | Thursday February 19, 2015 at 3:20 PM PST
Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total...
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Tags: Argentina, Budget and Tax Policy, China, economic development, economic freedom, Employment, Entrepreneurship, Free Market, Inflation, Iran, Japan, Latin America, Liberty, misery, Personal Liberty, Poverty, Property Rights, Regulation, Syria, Taxation, Ukraine, Unemployment, Venezuela
Randall G. Holcombe | Thursday January 22, 2015 at 9:22 AM PST
Popular opinion seems to be that falling prices—or even stable prices—are bad for the economy, but I’ve never seen any good arguments about why. I’ve just read another article about this, that gives six clearly numbered reasons, so let’s look at what the article says to see if they hold up.
Tags: Economics, Federal Reserve, Inflation, Money and Banking, Public Opinion, Technology
J. Huston McCulloch | Sunday July 13, 2014 at 6:50 AM PST
The House of Representatives is currently considering a variety of bills intended to reduce the power of the Federal Reserve System. (“House Republicans Resume Efforts to Reduce Fed’s Power,” New York Times, July 11, Business Section.) Under the pretext of fighting high unemployment, the Fed has more than quadrupled its balance sheet since summer...
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Tags: Bailouts, Federal Reserve, Inflation, Money and Banking