Or, Ironman at Political Calculations mangles Econ 101. Again.
Category Archives: Uncategorized
Stephen Moore Is a Liar, Part 2
(Transitory) Revealed Preferences
Here’s the health coverage implications of President Trump’s proposal to repeal Obamacare, as assessed by the CBO:
Figure 1: Effects of H.R. 1628, THE Obamacare Repeal Reconciliation Act of 2017, on health insurance coverage of people under age 65, in millions, by calendar year. Source: CBO, Table 4.
So, at least for part of one day, the President was content to let an additional 32 million be uncovered by 2026.
The Budget Deficit under Trump, Excluding Unicorn Effects
The CBO has just released an assessment of the President’s budget proposal. Balancing the budget looks unrealistic, even given massively sweeping (and unrealistic) spending cuts.
Taking “Science” Out of the White House Office of Science and Technology Policy
Source: CRS.
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The Pound on 8 June 2017
The UK voters look set to provide another surprise. The pound has moved substantially as exit poll data has come out.
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Employment Situation: Maybe a Little Softer than I Thought
A couple of days ago, I noted that most indicators showed continued growth. Quarterly Census of Employment and Wages figures released today indicate a slightly softer employment situation at end of 2016 than is represented by the establishment series.
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The Kansas Experiment Ends
From The Wichita Eagle:
Lawmakers rolled back Gov. Sam Brownback’s signature tax policy over his objections Tuesday night, forcing into law tax increases to fix a budget shortfall and provide more money for schools.
Implications of the President’s Muslim Travel Ban
Since the President has acknowledged that the intent of his restrictions on entry of individuals from certain countries is actually a “travel ban”, it is of interest to assess the impact on foreign travel to the United States, and consequent impact on the US economy.
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Slowdown? Recession Indicators as of June 5, 2017
As the prospects for a fiscal stimulus fade, and the prospects for protectionist backlash remain, some observers ponder whether growth will stall before it gets started.
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