Browsing All Posts published on »September, 2013«

Government Shutdown Would be Terrible Politics for GOP

September 30, 2013 by


There is something viscerally satisfying about the possibility of a government shut down. Consider the stated and implied conservative motivations: We need to show people they can survive without their daily suckling from the federal teat We need to inculcate a new sense of independence, a re-emergence of the homesteading spirit that once defined our […]

Newtonian Echos–the Cruz Phenomenon

September 30, 2013 by


Much is being made of Ted Cruz’s quixotic pursuit of killing Obamacare.  Even those that generally are supportive of economic liberty and hostile to Obamacare did not support the Cruz effort, such as the editorial page of the WSJ.  The conventional wisdom by these elites is that Obamacare can’t be stopped this way, but there […]

Obamacare, McConnellcare, Boehnercare or the Constitution

September 28, 2013 by


The jury is still partly out on the immediate fate of the Affordable Care Act.  After the heroic filibuster of Ted Cruz, the Senate ended debate and voted overwhelmingly to re-insert the funding language for “Obamacare” into the overall spending bill.  The vote was 79-19, so there were many Republicans voting with all of the […]

Government Tyranny and Economic Life

September 27, 2013 by


There was an interesting article here by Peter Gumbel earlier this week on what France is doing in the face of high unemployment.  Before you read, remember this is France, since the nineteenth century, one of the most socialist (small “c”) nations in Europe, allowing for brief intervals of sanity.  It appears that Parisian officlals–the only […]

Nudge, Nudge

September 25, 2013 by


Economics is often thought of as a quasi-hard science;   a field where number crunching and rationality yield positive and true results.  While Ph.D.s in the field acknowledge that it is often hard to account for all the variables, in the past they would argue that if it were possible to account for all factors, a  mathematical […]

Changing Perceptions of Government’s Power?

September 24, 2013 by


Gallup recently released polling data that suggests Americans are becoming more concerned with government’s power. The figure above shows the steady increase in the percent of respondents who see a problem and a similar decline in those who see government as having just the right amount of power. Notice, also, the relatively unchanged number of […]

The Affordable Care Act and Claims Costs

September 24, 2013 by


A friend of mine posted the following graphic on Facebook:                   The graphic was posted on the Independent Journal Review site and is based on a March 2013 article “Cost of the Future Newly Insured under the Affordable Healthcare Act (ACA)” sponsored by the Society of Actuaries. […]