Forecasting is the most thankless endeavor an economist can get involved in. Well, not from an earnings viewpoint: if you want to make big money as an economist, do quantitative forecasting for a living. Businesses, universities and research institutes invest heavily in quantitative models and top talents to put them to good use.
Saturday, January 20, 2018
Sunday, January 14, 2018
In my latest book, The Rise of Big Government: How Egalitarianism Conquered America (Routledge), I show how the American welfare state as we know it today is the offspring of the same ideology that formed the radical Swedish welfare state. In both countries, government is in the welfare-state business not to alleviate poverty, but to redistribute income.
Saturday, January 6, 2018
The dust has barely settled on the big tax bill, before House Speaker Paul Ryan (R-WI) turns to the next big issue: securing adequate defense spending. Over Twitter, defense hawk Liz Cheney (R-WY) concurs:
Never bark at the Big Dog. The Big Dog is always right. On Monday I reported :
Never bark at the Big Dog. The Big Dog is always right. For the better part of 2018 I kept telling other think tank wonks, blog readers...
You have probably heard the arguments about how much cheaper single-payer health care would be than a market-based health system. For examp...