Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list explains what went wrong with “If you like it you can keep it.”…….. and the last article explains the down side of reducing federal deficits and the up side of increasing them.
- What’s all the buzz about grandfathering (Susan M. Nash, Employee Benefit Advisor) “If you like your health care you can keep it.” If you like it because you never get sick and it only covers for that condition, you can’t keep it. If it has changed in any way since March 23, 2010 you can’t keep it. If the insurance company no longer offers that plan you can’t keep it.
- The US Treasury is right about Germany’s Eurozone policies: Here is why (Yanis Varoufakis) Hat tip to Naked Capitalism.
- Fed’s Lacker Admits Inflation Fears Proved Unfounded (Michael S. Derby, The Wall Street Journal)
- Congratulations, America! Your deficit fell 37 percent in 2013. (Neil Irwin, The Washington Post) In 2013 the federal government spent 20.8% of GDP. In 2012 it was 22%.
- Lava Planet Is Most Earthlike Alien Planet Yet (Mike Wall and Space.com, Scientific American)
- Bitcoin cashes in as its first ATM opens in Vancouver (Reuters, The Guardian)
- Still No Evidence Obamacare Is Forcing Large Numbers Into Part-Time Work (Ben Casselman, The Wall Street Journal) See also Steven Hansen in August at GEI Analysis.
- Are China’s Banks Next? (Simon Johnson, Project Syndicate) One of the world’s top banking experts is worried.
- Is a Credit Downgrade in America’s Future? (Althea Mitchell, Wall St. Cheat Sheet)
- What thrilling things happen to federal deficits in the years preceding recessions? (Rodger Malcolm Mitchell, Monetary Sovereignty) Rodger Malcolm Mitchell contributes to Global Economic Intersection.
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