Polonious Was Wrong

May 19th, 2011

A few commenters have asked me to weigh in on the debt ceiling debate. I haven’t written much about it, mostly because a) it’s been well covered elsewhere and b) I can’t think of good synonyms for “catastrophic” (actually, Word’s list is excellent: I like “ruinous”). Sorry—gallows humor.  I don’t know about you, but I… Read more

What’s Going Down with Real Wages?

May 18th, 2011

I agree with Krugman that when it comes to the economy, we’re mostly worrying about the wrong stuff.  Paul stressed jobs over current deficits, but here’s something else to legitimately wring your hands about: real wages—pay adjusted for inflation—are recently in decline for most workers. What’s that?  You thought they’ve been falling for a while? … Read more

Private Insurance Markets: They’re Different

May 17th, 2011

I’m going to do a couple of posts on health care this morning, riffing off of two extremely revealing news accounts.  To me, these both fit in the “STMYGH” category (‘stuff that makes you go hmmm’): The NYT ran an interesting article about insurance company economics this weekend and I was once again struck by… Read more