One reason it’s been so hard to shift this economy out of second gear–why we’re still stuck with large output and employment gaps–is that there’s actually a cost to dysfunctional federal politics. The Fed’s holding up their side of the bargain, but it takes both monetary and fiscal policy. Over at WaPo. The recent dust-up… Read more
Over at the NYT’s Room for Debate forum. A key point here, as in so many cases, is it matters how you ask the question: “Instead of asking if Medicare and Medicaid are sustainable, we should be asking what we need to do to sustain them.”
Paul K starts us out this week with a compelling defense of Medicare, age 50 this week, against mindless right-wing attacks. In passing, Paul points out that raising the Medicare eligibility age would “hardly save any money.” He’s talking about the federal budget here, but if one broadens the scope, as I think you should,… Read more
Over at PostEverything. It’s an important tax with useful incentives. But my original post paid inadequate attention to some key features.
Over at PostEverything. Not the most popular position, I know. But I think it’s the right one.