Like other economic estimates of the Biden economic plan, the Kotlikoff analysis finds that the impact on 80 percent of the population is a small, positive number, averaging only a few hundred dollars a year.
Vice President Biden is proposing major changes to the federal personal income tax, Social Security’s payroll (FICA) tax, the federal corporate income tax, and Social Security’s benefit provisions
In 1973, John Baden and Richard Stroup proposed selling off the U. S. Forest Service to private owners, some nonprofit and some for-profit. In an article in the Journal of Law and Economics, they argued that commercial timber would be better managed by private companies, and non-profit organizations like the Sierra Club could protect the important environmental areas.
Because of budget shortfalls, the Heartland Institute suspended publication of Health Care News in March. Fortunately, the Goodman Institute for Public Policy has agreed to partner with Heartland to ensure the newspaper’s survival going forward.
A strategy for extinguishing the novel coronavirus has been outlined by Cornell University’s Operations Research Professor Peter Frazier and colleagues. They developed a group testing protocol that could release 96 percent of the U.S. population back to society within four weeks, with this percentage rising even higher thereafter. Frazier envisions initially testing 62 households at a time, and assumes, to be conservative, a very high (30 percent false negative) test rate that would require some degree of redundancy to work efficiently. All told, though, the job could be done for the entire United States with only 6 million tests per week. That’s a large number, but just three to four times the test rate we’ve already reached.
Barry Asmus, who died March 30, 2020, studied at Montana State University, where he was mentored by economists at PERC, the Property and Environment Research Center. He picked up his appreciation of the free market from them (Richard Stroup was his thesis adviser). While Barry didn’t enter the environmental field, he became an advocate for the free market.
The mainstream media had a field day condemning Donald Trump for promoting off-label uses of prescription drugs to treat the coronavirus. So what do you expect to happen when a drug is “proven”? Did you know that “approved” drugs work only half the time? What about “unproven” drugs? Did you know that as many as one in five drugs in use in the United States has been prescribed for an off-label purpose? Roughly one-half of all cancer patients are relying on off-label prescriptions. Much of what doctors know they learn by trial and error – outside of FDA tests.
A revolution is occurring in the way medical care is being delivered in the United States. It is happening almost overnight. People have stopped going to hospital emergency rooms. They have stopped going to doctors’ offices. Most of the nation is self-isolating. Doctors and patients are no exception. They are communicating by means of phone, email, Skype, Zoom and other devices. Last December, Zoom was the host of 10 million video conferences a day. Last week, the company was hosting 200 million a day. Many of those were patient/doctor communications.
With group testing, you take samples, say, from 20 people and test them all at once. If the result is negative, those 20 are free to go to work. If the test is positive, you divide the group into two and test 10 at a time. Using this method, you greatly reduce the number of tests needed to separate those who have the virus from those who do not. And we should do this every day.
Critics of President Trump’s response to the coronavirus crisis characterize it as knee-jerk, spur-of-the-moment, and grasping at any straw within reach. In fact, many of the executive actions we have seen in the past few days reflect a new approach to health policy that has been underway almost since the day Donald Trump was sworn into office.
These include the ability to be diagnosed and treated without ever leaving your own home; the ability to talk to doctors 24/7 by means of phone, email and Skype; and the ability of the chronically ill to have access to free diagnoses and treatments without losing their access to Health Savings Accounts.