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February 25, 2014

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Latest Posts from Economist's View


Links for 2-25-14

Posted: 24 Feb 2014 10:36 PM PST

Thanks to Tim Duy for the links tonight:

Labor Department Weighs Cutting Data on Import and Export Prices to Save Money - Real Time Economics
The Great Recession! It's Right Behind You! - Free Exchange
Federal Reserve Appoints Portland Business Leader Charles Wilhoite to Western Economic Advisory Council - Oregonian
A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy - NBER
What is the Stance of Monetary Policy - macroblog
Fracking Boom Leaves Texans Under a Toxic Cloud - Bloomberg
Dallas Fed's Fisher Wants to Continue Reducing Bond Purchases - Real Time Economics
You Won't Have Broadband Competition Without Regulation - Felix Salmon
Has Monetary Cooperation Broken Down? - PIEE
Why the Euro Inflation Number is Worse Than it Looks - Financial Times
My Quiz for Wannabe Keynesians - Roger Farmer
Global Growth After the G20 Summit - Gavyn Davies/Financial Times
Where a Higher Minimum Wage Hasn't Killed Jobs - Bloomberg
State Hiring Credits and Recent Job Growth - San Francisco Federal Reserve

Apologies To Everyone

Posted: 24 Feb 2014 07:13 PM PST

Apologies to everyone.

My life is in shambles.

Today was really hard.

I'll be back as soon as I can, but for now I need to heal.

Paul Krugman: Health Care Horror Hooey

Posted: 24 Feb 2014 11:32 AM PST

 Paul krugman:

Health Care Horror Hooey, by Paul Krugman, Commentary, NY Times: Remember the "death tax"? The estate tax is quite literally a millionaire's tax — a tax that affects only a tiny minority of the population, and is mostly paid by a handful of very wealthy heirs. Nonetheless, right-wingers have successfully convinced many voters that the tax is a cruel burden on ordinary Americans...
You might think that such heart-wrenching cases are actually quite rare, but you'd be wrong: they aren't rare; they're nonexistent. In particular, nobody has ever come up with a real modern example of a family farm so ld to meet estate taxes. The whole "death tax" campaign has rested on eliciting human sympathy for purely imaginary victims.
And now they're trying a similar campaign against health reform. ...
Even supporters of health reform are somewhat surprised by the right's apparent inability to come up with real cases of hardship. Surely there must be some people somewhere actually being hurt by a reform that affects millions of Americans. Why can't the right find these people and exploit them?
Sophistry, a concept taught by the ancient Greek philosophers in order for a rhetorician to recognise spurious logic and arguments, is alive...See All Comments Write a comment
The most likely answer is that the true losers from Obamacare generally aren't very sympathetic. For the most part, they're either very affluent people affected by the special taxes that help finance reform, or at least moderately well-off young men in very good health who can no longer buy cheap, minimalist plans. Neither group would play well in tear-jerker ads.
No, what the right wants are struggling average Americans, preferably women, facing financial devastation from health reform. So those are the tales they're telling, even though they haven't been able to come up with any real examples.
Hey, I have a suggestion: Why not have ads in which actors play Americans who have both lost their insurance thanks to Obamacare and lost the family farm to the death tax? I mean, once you're just making stuff up, anything goes.

Links for 02-24-2014

Posted: 24 Feb 2014 05:32 AM PST

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