Tag: Mankiw
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Slap a Warning Label on the CBO Scoring
Beware the government bearing numbers.
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Pelosicare Would Vastly Expand Government, Penalize Millions
GWB advisor Keith Hennessey drills down into the report of the Chief Actuary of the federal Centers for Medicaid & Medicare Services (CMS) to describe the effects of the health care “reform” bill passed by the House. In 2019: The bill would mean almost 30 M new people in government-run insurance, more than four times […]
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Global Warming and the Anthropogenic Financial Crisis
When listening to President Obama’s dire predictions of “catastrophe” if a stimulus bill is not passed now now now now now, is anyone else reminded of the global warming debate? Even most skeptics about what Taranto calls “global warmism” would concede that there are valid reasons to want to reduce the use of fossil fuels […]
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A Golden Opportunity for a Higher Gas Tax
Charles Krauthammer burnishes his credentials as a member of the Pigou Club with a cover story in the January 5, 2009 edition of Weekly Standard, titled “The Net-Zero Gas Tax: A Once-in-a-Generation Chance.” (Hat tip: Jonah Goldberg.) The Pigou Club Manifesto was Greg Mankiw’s call in October 2006 to increase the gasoline tax significantly, thereby […]
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Mr. Obama: Declare War on Rube Goldberg
In today’s Wall Street Journal, Holman Jenkins identifies the key culprit in the current economic woes. It’s not Hank Paulson or Hank Greenberg or Stan O’Neal or even George Bush. The most formidable enemy of the American economy is Rube Goldberg. Jenkins starts by discussing the complex set of rules that have enabled autoworkers to […]
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Bailout Wisdom from Various Sources
Bill Whittle recently had a very painful medical mishap, which inspired him to refer to “the $700 billion kidney stone the economy is trying to pass.” He prescribes some therapeutic pain: Every decision we make is based on a risk/reward calculation. If we take away the consequences of risky behavior, we will see more of […]