Adverse Selection in Health Care Insurance
One thing that surprises me about the discussion of the health care insurance market in the United States is the assumption that government efforts are required to address the adverse selection...
View ArticleInteresting policy idea 4/9/2012
A more immediate solution is to train dental therapists who can provide preventive care and routine procedures like sealants, fillings and simple extractions outside the confines of a traditional...
View ArticleBe careful about what you conclude from observing winners
The More The Merrier by James Surowiecki has some interesting claims about business staffing: A recent Harvard Business Review study by Zeynep Ton, an M.I.T. professor, looked at four low-price...
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How exactly are speculators driving up oil prices?
The High Cost of Gambling on Oil By Joseph Kennedy II claims that oil prices are driven up by speculators who are not producers or consumers of oil. Chief among them is the effect of “pure” speculators...
View ArticleThe Sinking of the Ship Titanic as Government Failure but the Private Sector...
Yet the Titanic was fully compliant with all marine laws. The British Board of Trade required all vessels above 10,000 metric tonnes (11,023 U.S. tons) to carry 16 lifeboats. The White Star Line...
View ArticleTax policy matters but so do real costs
How New York Lost the Apparel Business By Marc Levinson discusses how changes in accounting and tax rules made capital investment more attractive in the apparel business. It did so by changing the...
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Horrifying fact of the day
The statistics are alarming. In the United States, 35 percent of those aged 25 to 54 with no high school diploma have no job, and high school dropouts are three times as likely to be unemployed as...
View ArticleWhat exactly is pent up demand?
The demobilization of the American war effort at the end of WWII involved a vast scaling down of military production and reduction of military staffing. Ten million workers were cut and government...
View ArticleMost likely they do export the best apples and the best mangoes
Mango exporters now do a thriving trade with several Persian Gulf countries, where more than six million Indians are working, and some domestic mango eaters suspect the best mangoes are now shipped out...
View ArticleChoice is tested and effective but not a panacea
“This is the best motive to reform there will ever be — if you give parents the ability to vote with their feet,” said Tom Luna, Idaho’s superintendent of schools, who is an adviser to Mr. Romney. But...
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