Related: We have a health care price problem, but it's really a PRIVATE health care price problem. Medicare and Medicaid hospital prices have essentially not grown at all in real terms over the last two decades.
Leaving the insults to his host and the naked racism aside, what kind of trade deal did Trump (and Brexiteers) imagine the US might offer? Our average tariff on manufactured goods is only 2 percent ustr.gov/issue-areas/in… 1/
Much the same was true for the US. For example, at a time of ultra-low interests rates and desperately needed infrastructure, we slashed public investment. Public construction spending as percent of GDP: 2/
A very nice paper by two of my favorite macroeconomists columbia.edu/~js3204/papers… But while I agree wholeheartedly with their emphasis on natural experiments, their hope that this can depoliticize macroeconomics seems a bit naive 1/
I suppose we should start trying to get ahead of the next GDP report, which most "nowcasting" estimates say will show good growth -- maybe more than 4. This will lead to a lot of stupid commentary; so let's get this chart out there 1/
With everything else going on, this is a small peeve. But I wish reporters would stop saying that the U.S. trade deficit has a lot to do with the special role of the dollar. We're not the only country that runs persistent deficits; here's a comparison 1/
Does someone feed Trump false info about crime here and abroad? Is it just what he assumes must be happening, because dark-skinned people? Or is it a lie he knows his base will accept? forbes.com/sites/danalexa…
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