Things to Read on the Evening of November 11, 2013
Things You Must Read:
- Izabella Kaminska: Greenspan’s dilemma revived <–A very optimistic take on what the U.S. economy’s real short- and medium-run problems are…
- David Warsh: Home Alone II?: “Evidence is accumulating that Obama is simply not a good manager of the immensely complicate government over which he presides. (An unnamed White House aide solemnly avers to the Post team that the president ended every meeting with his health care staff with the admonition, ‘All that is well and good, but if the Web site doesn’t work, nothing else matters’) but a good manager would not just say it, but would also make it so…”
Things You Should Read:
- **Simon Wren-Lewis: The view from Germany: “In a currency union, the only feasible outcome is for German inflation to run ahead of the rest of the EZ by a significant and persistent amount for a number of years. If the ECB was willing and able to target 2% inflation, then that would mean future German inflation significantly and persistently above 2%… excess demand in Germany…. The problem arises because the ECB is unwilling or unable to target 2% inflation. That in theory allows Germany to attempt to force the EZ as a whole to make the required internal adjustment without inflation in Germany exceeding 2%. It can do this by a restrictive fiscal policy. This is exactly what it has done…”
- Sabrina Tavernise: Cuts in Hospital Subsidies Threaten Safety-Net Care <–Another side effect of John Roberts, C.J.: when he rewrote the Affordable Care Act from the bench, he did not know enough about the law to understand that if he were to rewrite the law to give states the option to not-expand Medicaid he very much needed to also rewrite the law’s Subsidy and Disproportionate Share Payment provisions…
- Philippines Storm Kills Estimated 10,000
- Jared Bernstein: Recent Fiscal Policy: Its Impact on the Economy and the People in It
Things You Should Be Aware of:
- Joseph Newhouse et al.: Free for All?: Lessons from the Rand Health Insurance Experiment
- Brink Lindsey: Why Growth Is Getting Harder
- Paul Waldmann: Why Isn’t Everyone More Worried about Me? Lori Gottleib’s most ridiculous Obamacare “victim” story yet <–In the New York Times
- Charlie Stross: Catching a Blighty <–Properly remembering Armistice Day