Thursday, November 5, 2009

Bunch of interesting ones today

This story neglects the idea that a revaluation by China without a corresponding decrease in government spending leads to domestic stagflation as interest rates rise (slowing growth and causing/exacerbating recession) and the government prints money (causing inflation). China's renminbi policy hurts us a lot, I'm not denying that, but it helps us even more when government spending is high.
Possibly the most misleading hack job of an article I've ever read. He claims the US' health system sucks because a) infant mortality and lifespan are higher elsewhere (BEHAVIORAL FACTORS), b) we pay more (it helps when a government monopoly can exercise market power over pharma and device companies to pay them an artificially low amount, which then needs to be subsidized by the US), and c) a Robert Wood Johnson study, which Kristof claims showed that the US died more often from preventable illness, except the actual study itself (read it!) concluded that was largely the result of prevalence, not treatment. On preventive care, the US was far above average; on almost every disease they looked at where population characteristics were controlled, the US scored highly.
America is looking for leadership and isn't getting it from either party. I agree with this article wholeheartedly.
Democrats previously carried those who earned under 50,000 and over 200,000 - the former because they want government money, the latter because they prefer Democratic stances on cultural issues. Seeing as we haven't gotten any cultural boosts, the 200,000+ crowd shifted pretty strongly Republican, as did Independents and many young people.
Meanwhile, the number one visitor to Obama's white house has been the head of the service employees union (22 visits). Unions are the least popular they've ever been (thankfully)
A plan to make Chicago's streets safer
Pay as you drive car insurance

No comments:

Post a Comment