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Inconvenient Energy Realities: The Math Behind the "New Energy Economy" | Economics21
Facts about infeasibility of replacing hydrocarbons for decades and rising energy demand
McArdle  energy  economics  solar  oil  power  green  renewable 
21 days ago by techdan
There’s a high cost to making drugs more affordable for Americans - The Washington Post
And yet Americans arguably get a pretty good deal from all this overspending: new drugs. The oversize profits that pharmaceutical companies collect in the United States encourage them to do lots of research and development in the hope of earning more of those sweet, sweet returns. The rest of the world essentially free-rides on Americans’ willingness to pay more.
pharmaceuticals  McArdle 
10 weeks ago by HispanicPundit
Who will really benefit from Warren’s student debt plan? - The Washington Post
Which brings me to my next question: How is Warren going to prevent the overcrowding and deteriorating conditions that tend to afflict free university systems in Europe? The United States has the best tertiary education system in the world; will it still be the best when Warren is done with it?...But the biggest question I have is simply: Why spend federal money on this? College graduates are the best-off people in the country, in almost every way. There are probably better candidates for new spending — about two-thirds of the population, in fact.
tuition  Socialism  McArdle  Warren 
12 weeks ago by HispanicPundit
Harris and progressives are pitching Medicare-for-all. They could give us four-more-years. - The Washington Post
Medicare-for-all is one of those policies that sounds reasonably good – and polls reasonably well – until you get into those bureaucratic details. A recent poll from the Kaiser Family Foundation indicates that only 37 percent of Americans would support Medicare-for-all if it meant getting rid of private insurers or paying higher taxes. Support drops even further if it would in any way threaten the current Medicare program or lead to longer medical wait times.
medicare  universal-healthcare  McArdle 
february 2019 by HispanicPundit
What the push for legal-until-birth abortion tells us about the abortion debate - The Washington Post
Consider a hypothetical: You are whisked away to a fairy kingdom that is full of magical wonders but forbids either abortion or adoption. Upon protesting to the ruler about this state of affairs, you are offered two choices for a new law you must pass: (1) Women may end pregnancies at any time, but if they do, the fetus will be magically transported to an artificial womb, where it will gestate for nine months, and then be returned to the mother’s care for the next 18 years, or (2) Women cannot terminate their pregnancies, but upon delivering the baby, they can opt to take no further responsibility for the child.
Abortion  McArdle 
february 2019 by HispanicPundit
The truth about medical bankruptcies - The Washington Post
The answer they came up with will surprise even critics of Warren et al.: The fraction of bankruptcies caused by medical events is just 4 percent. And even among those bankruptcies, it seems that medical bills may be less of a problem than the other things associated with an illness, such as lost labor income.
Warren  bankruptcy  McArdle 
october 2018 by HispanicPundit
Why you should care that 'Abood' has been overturned - The Washington Post
A recent working paper from the National Bureau of Economic Research suggests that right-to-work laws, which have effects closely related to those likely to come from this ruling, make a political difference. By a small but significant amount, they reduce voter turnout, Democratic vote share and union contributions to the campaigns of Democratic politicians. The results ultimately show up in the affected governments taking a more conservative policy direction.
unions  right-to-work  Politics  voting  McArdle  SupremeCourt 
october 2018 by HispanicPundit
Show me the victims of insider trading. I’ll wait. - The Washington Post
Yes, Cameron Collins allegedly knew that the interest was misguided. It would have been selfless of him to hang on to the stock and bear the losses himself. But if he hadn’t sold, those interested buyers would have bought shares from someone else. And here’s the kicker: Since share prices tend to decrease as the supply of shares increases, the buyers might have actually paid a higher price if Cameron Collins’s weren’t on the market, and thereby would have lost more money.
insiderTrading  McArdle  stocks 
october 2018 by HispanicPundit
The new Medicare for All report shouldn't have the left celebrating - The Washington Post
In every case, when the boosters got to the end of the rainbow, no pot of money was waiting. A study of Oregon's Medicaid expansion showed that emergency-room usage went up, not down, after people received health-care coverage. Preventive care, while excellent for patient health, costs more in extra visits and tests than it saves in serious illness. And overpayments turned out to be providing care that patients valued and providing excellent livings to millions of health-care workers, who were prepared to march on Washington if their incomes took a serious dent.
medicare  single-pay  McArdle  costs 
september 2018 by HispanicPundit
You Can't Have Denmark Without Danes - Bloomberg
Americans who look enviously at Denmark generally want to import some of these things. The conservative Heritage Foundation would undoubtedly like the U.S. to copy Denmark’s collaborative, low-key approach to business regulation. The progressives who write articles about the cradle-to-grave welfare system would like to copy its generous benefits, and believe that if the U.S. did so, the trust would follow. The emerging U.S. nationalist wing would perhaps like to copy the homogeneity.

But what Hvidberg is suggesting is that these things come in a package. You can’t simply pull some elements out and get the same results. And basically all the Danes I spoke to, from far-left Green Party types to market liberals, agreed that Denmark would be hard to replicate without Danes.
denmark  McArdle 
february 2018 by HispanicPundit
Rent Control Needs Retirement, Not a Comeback - Bloomberg
Serial experimentation with this policy has repeatedly shown the same result. Initially, tenants rejoice, and rent control looks like a victory for the poor over the landlord class. But the stifling of price signals leads to problems. Rent control starts by producing some sort of redistribution, because the people with low rents at the time that controls are imposed tend to be relatively low-income.
rent-control  McArdle  WSJ  newyork 
february 2018 by HispanicPundit

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