Tag Archives: Obamacare

States as coordination problems

Economist David Friedman’s theory about the size and shape of nations leads him to postulate that the increased importance of labour income–a result of the Industrial Revolution: one of the ironies of history is that greatly increased propensity to produce capital increases both the scale (through increased demand) and then the average income (through increased relative scarcity) […]

Ben Bernanke, the Fed and the Tea Party

Ben Bernanke is not a Tea Party sort of person. An academic appointed as Chair of the US Federal Reserve (“the Fed”) by a Republican President (Bush II) and re-appointed by a Democrat President (Obama) who helped organise the bailout of Wall St in response to the Global Financial Crisis (GFC), he is the epitome of […]

A startling development

One of the things that has been strongly associated with the modern age is increasing life expectancies. So, it is startling to discover that life expectancies for low-educated whites in the US are declining. It is apparently not clear why, but the effect is clear, particularly for low-educated white women: The steepest declines were for white […]