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THIS WEEK
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December 18, 2019
The Latest News
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The Pitfalls of the 'Social Cost of Carbon'
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James Broughel | The Hill
Many are rightly concerned about global climate change and its impacts on human and ecological wellbeing. But the metric used for assessing the benefits from reducing carbon dioxide emissions, the social cost of carbon, is of little practical use for policymakers. While the metric can be a useful tool, it is not useful as currently applied. It's critical that regulators have the best possible information to inform their choices. As is, however, the social cost of carbon measurement will likely mislead decision makers.
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Trump Just Stopped Hitting America's Head with a Trade-War Hammer
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Bruce Yandle | The Washington Examiner
It is worth celebrating last week's breakthrough in the ongoing trade dispute between the US and China. Ending the strategy of reciprocal tariffs is especially good news for the US manufacturing sector, farmers, and holiday shoppers. While there is still more to be done at least the US has stopped causing self-harm by continuing this trade war.
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Esther Duflo on Management, Growth, and Research in Action
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Esther Duflo and Tyler Cowen | Conversations with Tyler
Esther Duflo advises governments on how best to reduce poverty, having co-founded one of the leading policy research centers in the world. For that work, together with that of frequent collaborators Abhijit Banerjee and Michael Kremer, she has now been honored with the Nobel Prize. She joined Tyler to discuss her findings, including how coaching increases the effectiveness of cash transfers, why she cautions against falling in love with growth rates, the management philosophy behind her success building J-PAL, how she briefly became the face of an anti-Soviet revolution, the underlooked reasons behind the decline of geographic mobility in the US, and more.
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For Rural and Underserved Communities,
Stop Blocking Care
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Robert F. Graboyes | Inside Sources
Health care can be difficult to obtain for many Americans. This has little to do with whether or not they have insurance, but rather the distribution of medical resources, the patient's environment, and barriers to innovation. Rural counties can lack a doctor, hospitals and emergency rooms. Some face language barriers, long travel times, and possible loss of wages if they miss work to see a doctor. What can be done? Congress should explore these methods when looking for policy solutions to improve health care delivery.
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Additional Links
DC’s Dockless Scooter Decision Is Bad for Consumers but Great for Jump and Lyft
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Adam Thierer and Trace Mitchell | The Washington Examiner
Are California's New Data Privacy Controls Even Legal?
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Andrea O'Sullivan | Reason
Paul Volcker’s Noble War on Inflation
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David Beckworth | National Review Online
Why Is the System Rigged?
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Bruce Yandle | American Institute for Economic Research
Can the Market Set Better Monetary Policy Than the Fed?
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Mercatus Monetary Policy Team | Hypermind
Alabama’s First 200 Years of Innovation
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Jennifer Huddleston | AL.com
Welcome (?) to the New World Economic Order
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Tyler Cowen | Bloomberg
Do We Treat Children Worse than Dogs?
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Veronique de Rugy | American Institute for Economic Research
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