Here’s an engaging read from this AMs NYT on why economics doesn’t qualify as a science, and, more fundamentally, asking what is it good for, anyway? On the first point, you’d probably be hard pressed to find even many economists willing to defend our discipline as a science, or at least anything resembling a hard… Read more
I did. Over at the NYT Economix blog.
…even with recent, significant improvements in the fiscal picture, we are not out of the fiscal woods. In this biz, you need to be a CDSH—cyclical dove, structural hawk—and in that regard, the deficit is coming down to fast now when the sluggish recovery still needs fiscal support and going up later when it shouldn’t… Read more
I told you I’d link to these–my CBPP colleagues’ analyses of the Trustees reports on Soc Sec and Mcare–and here they are. Paul’s Medicare analysis echoes some of my earlier points regarding the positive impact of health reform on the Medicare’s finances, and he also pre-empts some potential silliness re claims of “bankruptcy!” The projected insolvency… Read more
A rousing debate on the social insurance cuts proposed by the President. One thing: the clock ran out as Joe Antos and I were squabbling about whether cuts to Medicare, largely on the delivery side–bundled payments, bargaining for lower drug costs, etc.–were in the President’s budget. I said yes, he said no. I still say… Read more