Federal Reserve Bank of Chicago President Charles Evans got some attention recently with the following statement:
In a world of global competition and new technology, I think competition is coming from new places. New partners are choosing to merge and sort of changing the marketplace and [bringing] more competitive pressures on price margins…If that’s the case, and I think that’s just speculative at this point, then it means that we need even more accommodation to get inflation up.
Source: CRS.
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Following Senator Sasse’s suggestion to implement HR 3762, the President tweeted in support of some version of repeal and delay. What would happen?
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If you were wondering who exactly gets the bulk of the tax cuts, here is the answer, from the Tax Policy Center:
Today we are pleased to present a guest contribution written by Geoffrey Williams, Assistant Professor at Transylvania University.
Estimated elevated mortality levels for the Senate bill is 26,500 for 2026, given the reduction of coverage by 22 million. CAP estimates by the state level indicate Wisconsin coverage of nonelderly will decrease by 394,100. This implies Wisconsin mortality levels will be up by about 475. (For context, 2015 Wisconsin total deaths was 51,251, so 475 constitutes a nearly 1% increase on 2015 deaths…)
Time to update this post to read: “Troubled Kentucky Man Goes on 50 State Killing Spree”. (Although KY excess mortality is only 279 in 2026, so fewer implied deaths than for Speaker Ryan’s AHCA.)
A common talking point is that the ACA is imploding, or that it’s unpopular. It is useful to consult actual data and expert opinion when listening to such arguments.
Or, the GOP plan to eliminate the surplus population
I have an article at voxeu discussing my recent research on how you should (and shouldn’t) try to do this.
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared on June 22nd in Project Syndicate.