Category Archives: economics

Back to Work by March 30: A Coronavirus Imperative

America has no choice if it is to avoid total disaster. China and Russia are open for business and working at close to capacity, as America shutters most all business and industry in states such as Pennsylvania, New York, California, New Jersey, and Connecticut. In many cases only select manufacturing companies are allowed to operate,…


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Government Is No Match for the Coronavirus

The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many nonmedical government officials and members of the media are predicting massive cases of COVID-19 and death, when in fact no one can predict the outcome. What we do know is…


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Rights, Entitlements, and the Cost of Medical Care

The post previous to this one presented two links. The first was to an article that detailed the upcoming financial failure of Medicare. The second was to an article that outlined Senator Bernie Sanders plan to provide Medicare for all. The unstated implication was that if we couldn’t pay for the Medicare we have putting…


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Dumber Than a Broom Handle

A state similar to the instrument in the title is often the condition of  prominent people who offer pronouncements about issues not related to their expertise.  Typically, these proclamations concern politics, economics, and/or science and technology. Athletes and actors are obviously entitled to their opinions. Because they are prominent, their opinions get disseminated and commented…


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Not in Our Stars

…history;which is indeed little more than the register of the crimes, follies, and misfortunes of mankind. Edward Gibbon In a vein similar to Gibbon, Mark Twain allowed that the worst that could be said about anyone was that he was human. Prior to Twain, but after Gibbon, James Madison declared that no laws would be…


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Medical Rationing in the UK

A sizable, but likely still a minority, of the population seems to think that the federal government should have sole responsibility for the funding and delivery of medical care in the US – ie, a single payer system. Many, if not, most people make up their minds about the provision of both medical care and…


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US Economic Data – You Figure It Out

I’m going to present some data about the US economy. I’m going to let them speak for themselves, as much as possible. This is because almost everybody believes what they believe because they believe it, rather than as the result of sober analysis. So I’ll present the data along with a few questions about them….


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More on Gender Inequality

The New York Times published an article, As Women Take Over a Male-Dominated Field, the Pay Drops. The title conveys its message. That women are paid less than men for the same work is true. But is it as the article strains to imply that it is due to a gender bias? Buried deep in…


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More Good Medicine From the Government

A couple of items. For about 25 years I’ve been saying and writing that routine PSA screening was a bad idea. For much of this time I was the sacrificial nay sayer at meetings devoted to the subject. You can read the several posts on this issue that I have written over the past 8 years. Finally,…


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Quotation of the Week – Predictions

The only function of economic forecasting is to make astrology look respectable. John Kenneth Galbraith (1908-2006) Also true of forecasting in general.


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