A Brief History of Shopping
From Sears Roebuck to Amazon in four uneasy upheavals
Five People Join the Middle Class Every Second
Oliver Wiseman, FEE
THE MID-TERMS, TRUMP'S POPULISM, UNEMPLOYMENT RATE & HOOVER'S POLICY ED TACKLES REGULATORY CAPTURE BY JOHN B. TAYLOR
The 2018 midterms state of play
Karlyn Bowman | AEIdeas
Monthly jobs report: Beyond the headlines
Aparna Mathur | AEIdeas
The official unemployment rate may be a useful benchmark, but it does not tell the whole story. You have to look beyond the headline number to understand the situation of the American workforce
The Danger Of Regulatory Capture
by John B. Taylor via PolicyEd
Regulatory capture occurs when regulatory agencies become dominated by the very industries they were charged with regulating, prompting regulators to advance the goals and interests of those industries. While regulation is necessary and can be done well, it must always be balanced against the potential for unintended consequences that harm the consumers it is intended to protect.
From the archives: Is American sovereignty passé?
Karlyn Bowman and Joseph Kosten | AEIdeas
The problem with Trump’s ‘doctrine of patriotism’
Jonah Goldberg | NationalReview.com
Dangers of a doctrine of patriotism
Oriana Skylar Mastro | The Hill
The United States calculated that bearing the burden for regional security would pay off in the form of political influence and global stability, both of which would be at risk in a doctrine of patriotism laid out by President Trump.
Kavanaugh Rage Is, In Essence, About Abortion
By JENNIFER BRACERAS, Special to the Sun | September 28, 2018
Secret History Of The Controversy Over Kavanaugh
By IRA STOLL, Special to the Sun | October 1, 2018
The Entitlement Crisis Is Looming
Yuval Levin & James Capretta, Weekly Standard
A failure of responsibility
Yuval Levin and James C. Capretta | The Weekly Standard
The High Cost Of Good Intentions
by John F. Cogan via PolicyEd
Entitlements grow over time because of a force called “the equally worthy claim,” where eligibility for benefits continually expands until programs no longer resemble their initial, honorable intentions. Over time, entitlements programs have grown into a costly and complex system. Reforms should focus on preserving the programs’ original intentions and putting them back on a sustainable fiscal path.
Perspectives On Policy: Hoover Institution Launches New Video Series
The Hoover Institution is releasing a new series of videos, Perspectives on Policy, that feature its scholars accompanied by visuals that enliven and emphasize key points of their research and analysis. The metaphors and illustrations create an engaging narrative to bring policy scholarship to life, especially for audiences that are less receptive to charts, graphs, and conventional depictions of data.
2 visions for market-based health care reform
James C. Capretta | RealClearPolicy
The myth of what’s driving the opioid crisis
Sally Satel | Politico
As Congress prepares to pass legislation addressing the opioid crisis, it is imperative for policymakers to understand the reality of opioid abuse.
Chinese manufacturing is not main reason for fentanyl problem
Roger Bate | AEIdeas
At AEI's event this week on the opioid crisis, Sen. Rob Portman (R-OH) talked about China making fentanyl for export to kill Americans. While this plays into the ongoing, multilayered US versus China battle, it is also rather more complicated.
ECONOMICS & OPIOIDS Roger Bate
bipartisan achievement on opioids: Congress recognizes employment as a crucial component of recovery
Robert Doar | AEIdeas
Last week, the Senate passed a bill containing several measures meant to combat the opioid crisis. Robert Doar argues that perhaps the most important achievement of the bill is the provision for a grant program that would provide job training, housing, and health care to those attempting to overcome their addiction. People with substance abuse disorders need care and temporarily comprehensive assistance, but they also benefit from getting back into regular work. Doar believes that work provides a routine, a sense of purpose, and camaraderie with coworkers and can keep recovering substance abusers from relapsing. These changes, coupled with state-level reforms to limit the widespread prescription of potentially dangerous drugs, should bring about some progress in the fight against opioids.
The geographic variation in the cost of the opioid crisis
Alex Brill and Scott Ganz | AEI Economics Working Paper Series
As the opioid epidemic worsens in the United States, the toll it imposes on the US economy has risen to staggering heights. Alex Brill and Scott Ganz estimate per capita state-level and county-level non-mortality and total economic burdens of the opioid crisis in 2015 by distributing national estimates based on variation in local wages, health care costs, and criminal justice costs; variation in opioid-related death and addiction rates; and average age-adjusted value of statistical lives lost. Their findings indicate that among the lower 48 states in 2015, per capita non-mortality costs were highest in the District of Columbia ($493) and New Hampshire ($360). Median per capita non-mortality costs were $205 in Kentucky and Pennsylvania. Per capita total costs (including mortality costs) were highest in West Virginia ($4,378) and the District of Columbia ($3,657). Median per capita total costs were $1,672 in Nevada.
Dirtiest Trick In U.S. History Comes Into Focus
By CONRAD BLACK, Special to the Sun | September 13, 2018
A CAPITAL GOODS BOOM ARRIVES, A LOOK AT THE JOBS REPORT 200K JOBS ADDED IN AUGUST ALONE & WHAT DOES IT MEAN TO BE POOR IN THE US
Levels and changes in income poverty, consumption poverty, and material well-being
Bruce D. Meyer and James X. Sullivan | AEI Economics Working Paper Series
This paper responds to a working paper by Luke Shaefer and Joshua Rivera, which criticizes some of Bruce Meyer's and James Sullivan's published work on trends in income and consumption-based poverty measures in the US.
China's Role in the U.S. Opioid Crisis
Today, RAND's Bryce Pardo is testifying before Congress to explain China's role in the production and supply of synthetic opioids. Synthetics are now involved in about 60 percent of all opioid overdose deaths in the United States. And China is an important source of synthetic opioids and fentanyl precursors that enter North America. To address the problem, Pardo suggests lawmakers look beyond traditional drug policy tools. Read more »
Exeunt Omnes: Farewell to The Village Voice
The counterculture’s consummate organ shuts down.
WHAT IT MEANS TO BE AN AMERICAN IN THE 21ST CENTURY & THE GRUMPY ECONOMIST REFLECTS ON HEALTH CARE REFORM IN THE AGE OF TRUMP
To Be An American In The 21st Century
by Ro Khanna via Eureka
The question of what it means to be American has been debated since the founding of our republic, and we are at another moment when the question has taken on a new urgency.
Post-Apocalyptic Health Care
by John H. Cochrane via Grumpy Economist
Post-apocalyptic life in American health care is a fantastic blog post on the state of American health care and insurance. (HT Marginal Revolution) Bottom line: American health care organizations can no longer operate systematically, so participants are forced to act in the communal mode, as if in the pre-modern world.
Trump and the 'Rule of Necessity'
Editorial of The New York Sun | August 24, 2018
Trump Has Already Won on Impeachment by Conrad Black
August 25, 2018
NY SUN EXAMINES PREVIOUS PRESIDENTIAL IMPEACHMENT SCANDALS & WHY LOCAL ELECTIONS MATTER MOST IN 2018
'Get Ready' For the Perils Of Impeachment
By SETH LIPSKY, From the New York Post | August 22, 2018
DON’T OVERLOOK THE STATE ELECTIONS
By EPPC Senior Fellow Henry Olsen
Thirty-seven states will elect governors this fall. If the negative trends apparent at the federal level hit Republicans here, too, the repercussions could be felt in the party for years. Read More