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THIS WEEK
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August 28, 2019
The Latest News
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The Costs of Medicare for All Are Rising Already
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Charles Blahous | e21
Over one year after the release of Charles Blahous' Medicare for All (M4A) study
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, some advocates still conclude that it proves M4A would reduce national health spending. However, the original study didn't say that, and additional substantial evidence has come to light to refute that claim. The plan's original intent was to lower payments to providers consistent with Medicare, but this would likely result in a disruption of easily accessible healthcare. M4A advocates are backing away from that claim, and instead argue that the bill wouldn't correspond directly with Medicare, which negates any idea that M4A would lower national health spending.
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If and When the Recession Begins, It Won’t Be Trump’s Fault
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Scott Sumner | The Washington Post
Many believe President Trump would pay a steep political price if America was hit with a recession, but if one sets in it wouldn't be Trump's fault. Presidents simply don't have that much control over the business cycle. The Federal Reserve’s monetary policy, the control of the money supply and interest rates, determine the short-run ups and downs in the economy. While trade wars add uncertainty, the Fed should adjust course to prevent a recession.
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19th Century Life and Literature
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Hollis Robbins and Tyler Cowen | Conversations with Tyler
Dean of the School of Arts and Humanities at Sonoma State University, Hollis Robbins joined Tyler to discuss 19th-century life, literature, and more, including Harriet Beecher Stowe’s Calvinism, whether 12 Years a Slave and Django Unchained are appropriate portraits of slavery, the best argument for reparations, how prepaid postage changed America, and why Ayn Rand and Margaret Mitchell are ignored by English departments.
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Can We 'Go Home Again' after a Trade War?
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Bruce Yandle | The Hill
President Donald Trump has recently acknowledged that his trade war with China is imposing real costs on Americans in the form of higher prices, and especially farmers and exporters whose livelihoods are at stake with the loss of Chinese markets. While acknowledging the problem is a good first step, he also believes these short-term costs will be offset by future Chinese policy changes. For that to happen, relationships between exporters and Chinese markets would have to reset to pre-trade war levels after the conflict is over, but that is unlikely to happen quickly.
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Additional Links
How Ohio Can Get Its New Regulatory Reform Right
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James Broughel | The Columbus Dispatch
Why the US Dollar Will Remain Strong
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David Beckworth | National Review
When Winning a Trade War Feels like Losing
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Bruce Yandle | Washington Examiner
A Truly Populist Social Security Reform
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Veronique de Rugy | Creators Syndicate
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