The Problem With Obamacare Is That It Did Little To Reduce Overall Healthcare Spending

December 10th, 2016
in aa syndication, weekly economic summary

Rearranging the deck chairs on a sinking ship

Written by

I was opposed to Obamacare when I read the actual legislation before it was passed by Congress. My concern was that it was not designed to reduce overall health care expenditures - it only redistributed costs between the insured.

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Joan Robinson’s Critique of Marginal Utility Theory

December 9th, 2016
in history, macroeconomics

by Philip Pilkington

In her excellent book Economic Philosophy (available as a PDF here) Joan Robinson undertakes an extensive discussion of marginal utility theory. Here I will be more so interested in her technical criticisms. But before going into these it should be noted that Robinson characterises the impetus of marginal utility theory in a way many might find unusual.

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The Truth About Trade Agreements - and Why We Need Them

December 7th, 2016
in trade data


-- this post authored by Chad Bown, Peterson Institute for International Economics; CEPR Research Fellow

The recent pace of globalisation has led to disheartening job loss for some Americans, especially in certain communities that backed Mr. Trump in the election. While imports and exports indisputably contribute big gains to the US economy overall, those resulting benefits have not been adequately shared.

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Big Mess in Italy

December 4th, 2016
in eurozone and euro

by John Mauldin, Thoughts from the Frontline

“Move to Italy. They know about living in debt: They don’t care.”

– John Lydon

“Italians were eating with a knife and fork when the French were still eating each other.”

– Mario Batali

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Are You Feeling the Economic Surge?

Written by

Wow. According to the headlines the USA economy in the third quarter has surged to 3.2% growth. Hope you are feeling it!

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