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Posts Tagged ‘government spending’

Health Insurance ≠ Health Care

April 4, 2012 3 comments

The Supreme Court of the United States (SCOTUS) is currently hearing arguments for and against the Affordable Care Act, better known as Obamacare. The arguments have mainly centered around the constitutionality of the individual mandate that would require all individuals to purchase health insurance or to pay some sort of penalty. The arguments against the individual mandate concern the right of the government to force people to buy insurance. They through around buzz-words like “freedom” and “death panels.” The arguments for talk about the number of uninsured, the number of medical bankruptcies and the role of the government in providing for all of it’s citizens.

To be frank, I am against the Affordable Care Act. Many of you, knowing I’m pretty progressive, might be asking why I would be against such a progressive bill. The answer is that this is not a progressive bill. The rest of this post will lay out the reasons why this bill should be opposed by both sides of the aisle as well as discuss a more amenable alternative.

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Inflation – Part 2

March 26, 2012 Leave a comment

In part 1 I (hopefully) illustrated the point I was trying to make, which is that a low stable and predictable rate of inflation is actually preferable to a no inflation state, primarily because it encourages consumption and give policy makers some space in which to influence the economy. I’m sure the libertarians and free-market dogmatists will object, but I will have to leave that discussion for another time. In this post, I want to discuss the money supply and it’s effects on inflation. It will probably get more technical later in the post, however I’m sure you can follow along with some simple algebra and I will try to explain everything in laymen’s terms as much as possible. I’ll also try to pretty this post up with some charts.

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The Debt Ceiling is More Like a Sun Roof

March 13, 2012 4 comments

It’s election year and that means lots of debating about hot topics. The biggest single topic this year is the economy. The American’s Elect website shows more questions about the economy than the other 3 high-priority topics combined. If you listen to the talking heads on TV, you might have heard that the US is over $15 trillion is debt, official unemployment is just under 10% and if you include people who are employed, but not at the level that they really want to be, the number grows to 16.7%. That’s almost 1 in 6 people who either can’t find a job or have settled for part-time work because they can’t find full-time. (link)

To listen to Republicans or Democrats talk about the economy, you get a sense that the answer is only just right there, if only the other side would stop being idiots. The Republicans would have you believe that if you just cut taxes some more and stopped paying those lazy welfare recipients and old people, we could turn this country around. The Democrats would like you to believe that if we raised taxes on the 1% we could afford to help the unemployed and old people. This post is (hopefully) going to show you why they are both wrong.

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