Browsing Archives of Author »Bert Wheeler«

Spinning the Medicare Data Release

April 9, 2014

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Today the Centers for Medicare & Medicaid Services (CMS) released a partial data set on payments to Medicare  providers. While the data will provide some interesting insights on Medicare payments, for example the Wall Street Journal says: The top 1% of 825,000 individual medical providers accounted for 14% of the $77 billion in billing recorded […]

The Supremes: Campaign Finance and Crony Capitalism

April 3, 2014

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Yesterday the Supreme Court of the United States passed down a ruling on MCCUTCHEON ET AL. v. FEDERAL ELECTION COMMISSION. Two of my very able colleagues at Bereans at the Gate (professors Haymond and Smith) posted commentary on the ruling yesterday. Both of these gentlemen are more qualified and able to comment on this ruling […]

America Saves – Less

February 25, 2014

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This is America Saves week. If there was one encouraging result from the “Great Recession” it was that personal savings increased. However it looks like that trend has reversed itself and we are returning to our accustomed low rates of saving. In a post in Real Time Economics on the Wall Street Journal’s site Jeffrey […]

Shot In the Foot?

February 24, 2014

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Free-trade between individuals and nations is the backbone of economic growth. The more trade we have and the wider the markets for that trade, the more we will be able to develop and utilize productivity enhancing technological changes that further spur the economic engine. An article in the February 22 edition of The Economist: “How […]

“It’s easy to remember, $10.10”: The 5% Solution

February 19, 2014

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Target: poverty Number positively effected: 16,500,000 Number pushed above the poverty line: 900,000 900,000/16,500,000 = 5.45% In his State of the Union address President Obama said: “It’s easy to remember, $10.10”. One option for increasing the minimum wage is to increase the federally mandated minimum to $10.10 an hour. Tuesday, the Congressional Budget Office released […]

Deficits, Debt and Political Strategy

February 14, 2014

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When Mr. Boehner announced his strategy Tuesday at a closed-door conference, no one objected, a senior House GOP aide said. He was halfway back to his seat when he said: “I got this monkey off your back and you’re not even going to applaud?” Lawmakers took the hint and gave him a round of applause. […]

Olympic Preparation and Economic Freedom

February 12, 2014

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The 2014 Index of Economic Freedom published by the Heritage Foundation marks 20 anniversary of this important piece of economic analysis. The index measures economic freedom based on 10 quantitative and qualitative factors. More economic freedom correlates with better economic performance, less economic freedom correlates with poorer economic performance. The index calculates the relative economic […]

Fiscal Follies and International Trade

February 6, 2014

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William Galston published an opinion piece in Tuesday’s Wall Street Journal titled: Obama’s Moment of Truth on Trade. In the editorial Galston compares Obama’s trade statement in his recent State of the Union address to Bill Clinton’s battle to pass NAFTA in 1993. Clinton faced significant political opposition within his own party, but stood tall […]

The Affordable Care Act and Labor Supply

February 5, 2014

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On Tuesday the non-partisan Congressional Budget Office released it’s report – “Budget and Economic Outlook: 2014 to 2024” . The report is causing quite a stir because of the CBO’s estimates of the affect of the Affordable Care Act on the United States economy. President Obama has previously used CBO estimates to provide support for the […]

Minumum Wage / Living Wage

February 3, 2014

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In a post last Friday, January 31 “Bad Economics & Bad Theology: the Christian case for the minimum wage“, Professor Haymond pointed us to an article in The Week entitled: “The Christian case for raising the minimum wage” by Elizabeth Stocker. While Prof. Haymond promises commentary on Stocker’s article, I wanted to make a short […]