Saturday, June 29, 2013
Sunday, June 23, 2013
Should anyone ever trust financial rating agencies in the future? When ratings are up for sale, they have no value whatsoever. Not to mention the danger that represents to the financial system.
What would it mean to current policy debates if health care spending growth permanently slows? This could be huge! If health care spending is reined in, it has long term impacts on the economy as a whole.
Saturday, June 08, 2013
Seafood contamination from the Fukushima accident is so low that it presents essentially no additional risk for consumers. Detectable, yes. But at levels that are less than the natural background and contamination from other sources. Granted, it could have been worse. But it bears repeating that living close to a Japanese coastline where tsunamis can kill you directly is much more dangerous than living next to a nuclear power plant.
Thursday, June 06, 2013
The deficit hawks say that we steal from our children by spending money that they must repay. We also steal from them when we fail to fix things that are broken today that will need to be fixed later if we don't.