What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.

Why Do Progressives Support Democrats? Part II

Why Do Progressives Support Democrats? Part II

Republican politicians and right-of-center thinkers have given us the most progressive tax and transfer system in the world. Here are a few more examples of progressive ideas from the right. More.

Why Do Progressives Support Democrats? Part I

Why Do Progressives Support Democrats? Part I

The words “progressive” and “Democrat” have become virtually synonymous in modern parlance. But did you know that the most important progressive reform ideas of the last half-century have not come from the left? They have come from Republican politicians and right-of-center intellectuals and think tanks. More.

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

Here are five surprising facts:

  • The U.S. welfare state has almost eliminated poverty in this country.
  • Over the last 75 years, income inequality has actually gone down, not up.
  • Since the end of World War II, income has steadily risen for every income group – with the greatest increase among the bottom fifth of the income ladder.
  • Over half of the population gains very little from working under the U.S. fiscal system – as taxable income replaces untaxed transfer benefits.
  • The U.S. has the most progressive fiscal system among all developed countries.

Health Reforms for Voters

Health Reforms for Voters

Chief among these is Obamacare reform to (1) let families have access to insurance that meets their medical and financial needs, instead of unaffordable deductibles and sky-high premiums; and (2) let families have access to the best doctors and the best hospitals, instead of narrow networks that deny them the care they need. More.

Medicare Prescription Drugs: A Case Study In Government Failure

Medicare Prescription Drugs: A Case Study In Government Failure

Bernie Sanders and other socialists think health care should be provided by the state. Their latest version of that idea is “Medicare for all.” How does Medicare stand up against private, free-market provision of similar services? Since Congress just acted on Medicare prescription drugs, let’s examine drug coverage in answering that question. More.

What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.

Why Do Progressives Support Democrats? Part II

Why Do Progressives Support Democrats? Part II

Republican politicians and right-of-center thinkers have given us the most progressive tax and transfer system in the world. Here are a few more examples of progressive ideas from the right. More.

What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.

The Republicans Need Their Own Student Loan Reform. Here It Is.

The Republicans Need Their Own Student Loan Reform. Here It Is.

President Biden just canceled a mother-load of student debt. The income limit for the President's largess is $125,000 for individual borrowers and $250,000 for married and heads of households. Those below these limits received up to $10,000 in debt forgiveness. And...

Finally, A Safe Way To Play The Market — Upside Investing

Finally, A Safe Way To Play The Market — Upside Investing

Upside Investing represents a revolution in investment/spending strategy. It lets you set a living standard floor that only rises as a result of investing in stocks and other risky assets. The higher your floor, the lower your upside and vice versa.

Inequality has been Greatly Exaggerated

Inequality has been Greatly Exaggerated

A new study by Goodman Institute Senior Fellow Laurence Kotlikoff and his colleagues says that middle-aged families in the top fifth of the income distribution have almost 200 times the wealth of families in the bottom fifth.  But after taxes and entitlement transfers, the difference in lifetime spending power is only 7.5 to 1. Our fiscal system is far more progressive than critics like to admit. See the New York Times description and the technical paper.

We’re Not Saving Enough

We’re Not Saving Enough

Americans don’t save enough, either individually or collectively. Yet by looking at the wrong data, many journalists and even top economists are claiming we’re experiencing a “savings glut.” This is hogwash. It’s time to talk turkey about U.S. saving and for journalists and professionals to either do their homework or hold their pens. More

How Congress Can Help Protect Us from Inflation

How Congress Can Help Protect Us from Inflation

The inflation rate is the highest it’s been in 40 years. Congress can’t change that. But there are six things it can do to help all of us weather inflation, beginning with full inflation indexing of the tax code. 

Could We Talk Ourselves into A Recession?

Could We Talk Ourselves into A Recession?

Congress should take this opportunity to make the tax system fully inflation-neutral. But neither inflation nor the Fed’s minor rate hikes will kill the economy. Nor will Putin’s war, which is stimulating the defense industry. Nor will ongoing slowdowns in Chinese production, which is stimulating home production. What can kill the economy is enough people, who should know better, talking it down.

Is Social Security Sexist?

Is Social Security Sexist?

Theft is a strong word. So, take it from Social Security’s own Inspector General (IG), whose 2018 report estimates that Social Security wrongfully deprived over 13,000 widows and widowers of $132 million and counting! More

Protecting Seniors from Inflation

Protecting Seniors from Inflation

Congress should do three things: (1) index the Social Security benefits tax, (2) let inflation indexed government bonds also index against inflation-induced higher taxes, and (3) let people exchange their non-indexed pensions for an inflation-indexed alternatives. More.

The Republicans Need Their Own Student Loan Reform. Here It Is.

The Republicans Need Their Own Student Loan Reform. Here It Is.

President Biden just canceled a mother-load of student debt. The income limit for the President's largess is $125,000 for individual borrowers and $250,000 for married and heads of households. Those below these limits received up to $10,000 in debt forgiveness. And...

Finally, A Safe Way To Play The Market — Upside Investing

Finally, A Safe Way To Play The Market — Upside Investing

Upside Investing represents a revolution in investment/spending strategy. It lets you set a living standard floor that only rises as a result of investing in stocks and other risky assets. The higher your floor, the lower your upside and vice versa.

The Republicans Need Their Own Student Loan Reform. Here It Is.

The Republicans Need Their Own Student Loan Reform. Here It Is.

President Biden just canceled a mother-load of student debt. The income limit for the President's largess is $125,000 for individual borrowers and $250,000 for married and heads of households. Those below these limits received up to $10,000 in debt forgiveness. And...

Why California Needs Higher Prices for Water

Why California Needs Higher Prices for Water

California’s extreme drought will force rationing of water or higher prices, say John McKenzie and Richard McKenzie. Raising water prices has a great advantage: “Higher water prices can increase the state’s available water supply—without additional rainfall or...

Should We Even Try to Recycle Plastics?

Should We Even Try to Recycle Plastics?

Pressuring plastic producers to recycle their products has gone on for decades. But two writers at the Atlantic have now concluded, “Plastic recycling does not work and will never work.” In the U.S. in 2021 only 5 percent of all post-consumer plastic was recycled. Furthermore, they say that the plastic producers deny this and those denials are “reminiscent of” the tobacco companies in making false claims. (For years, many tobacco firms  rejected the idea that cigarettes caused cancer.)

What’s Wrong with Planting More Trees?

What’s Wrong with Planting More Trees?

Planting trees to sequester carbon and prevent carbon dioxide emissions has become very popular (whether it is accomplishing much or not). Now the New York Times reports that the effort to save the world is causing local ecological harm by bringing in non-native species.

Don’t Worry about Greenland’s Melting Ice

Don’t Worry about Greenland’s Melting Ice

Greenland ‘s ice mass is melting—but more slowly than it did a decade ago, and its level right now is about the same as in the 1930s. But little of this information reaches the media or even the reports of the Intergovernmental Panel on Climate Change (IPCC)…

Laws, Sausages, and Land-Grants

Laws, Sausages, and Land-Grants

The agricultural and technical university, which often has “state” in its name, is typically a land-grant university formed under the auspices of the Morrill Act of 1862. It was meant to be a practical, down-to-earth “people’s university,” and even today it is less prestigious than the state’s traditional university, usually founded much earlier. But the emphasis on technology has made some of the land-grant universities research powerhouses and often bigger than their in-state rivals.

The Case for Retirement Communities

The Case for Retirement Communities

A retirement home has some resemblance to a college dorm. But that’s a good thing. Unlike a typical apartment complex, where one rarely knows one’s neighbors, a retirement home allows meeting many people—at meals, exercise classes, lectures and clubs.

Going Against the Grain

Going Against the Grain

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.

Why California Needs Higher Prices for Water

Why California Needs Higher Prices for Water

California’s extreme drought will force rationing of water or higher prices, say John McKenzie and Richard McKenzie. Raising water prices has a great advantage: “Higher water prices can increase the state’s available water supply—without additional rainfall or...

Should We Even Try to Recycle Plastics?

Should We Even Try to Recycle Plastics?

Pressuring plastic producers to recycle their products has gone on for decades. But two writers at the Atlantic have now concluded, “Plastic recycling does not work and will never work.” In the U.S. in 2021 only 5 percent of all post-consumer plastic was recycled. Furthermore, they say that the plastic producers deny this and those denials are “reminiscent of” the tobacco companies in making false claims. (For years, many tobacco firms  rejected the idea that cigarettes caused cancer.)

Why California Needs Higher Prices for Water

Why California Needs Higher Prices for Water

California’s extreme drought will force rationing of water or higher prices, say John McKenzie and Richard McKenzie. Raising water prices has a great advantage: “Higher water prices can increase the state’s available water supply—without additional rainfall or...

Savings and Gramm: How the Fed is Slowing Monetary Growth

Savings and Gramm: How the Fed is Slowing Monetary Growth

The Federal Reserve is buying Treasury bills and mortgage-backed securities at a rate of $120 billion a month. This is apparently being done to support large borrowing by the federal government. At the same time, the Fed has pulled almost a trillion dollars of liquidity out of the financial system by “reverse-repo borrowing.” This has reduced bank reserves and private sector lending. Not surprisingly, the growth of the M2 money stock fell from around 25% in 2020 to around 10% on an annualized basis in the first six months of 2021.

Gramm and Saving in the WSJ: The Fed has lost its ability to control interest rates

Gramm and Saving in the WSJ: The Fed has lost its ability to control interest rates

Writing in the Wall Street Journal, former Sen. Phil Gramm and Goodman institute Senior Fellow Thomas Saving write “Never in the Fed’s 105-year history has it had less control over market interest rates than it has today…. To expect the Fed to hold interest rates above or below the market rate under these circumstances is not only naive but dangerous.”

Tom Saving has a new book

Tom Saving has a new book

Tom Saving has a new book called A Century of Federal Reserve Monetary Policy: Issues and Implications for the Future.

How Congress Can Help Protect Us from Inflation

Goodman and Saving: Budget Deal’s Trillion Dollar Surprise

The most significant federal entitlement reform in our lifetime was a little noticed provision that Democrats included in the Affordable Care Act. The provision was a cap on Medicare spending, similar to the cap Republicans proposed for Medicaid last summer.

Savings and Gramm: How the Fed is Slowing Monetary Growth

Saving on CNBC: FED is holding 20% of federal debt

The Federal Reserve System is holding 20% of the federal government’s publicly held debt. It also is holding a lot of bank reserves. For every dollar of required reserves, banks have deposited $12 at the FED.

Gramm and Saving in the Wall Street Journal: Fed Task is Precarious

Gramm and Saving in the Wall Street Journal: Fed Task is Precarious

The Fed balance sheet contains 20% of all publicly held federal debt and 34% of the value of all outstanding government-guaranteed mortgage-backed securities. As the economy returns to normal growth, getting rid of those assets risks runaway inflation or a crippled recovery or both.

Saving: Are Republicans Too Stingy with Medicaid?

Saving: Are Republicans Too Stingy with Medicaid?

Before the Senate voted on a “skinny” alternative to Obamacare, it was considering the House version of repeal and replace – called the Better Care Reconciliation Act (BCRA).

Savings and Gramm: How the Fed is Slowing Monetary Growth

Savings and Gramm: How the Fed is Slowing Monetary Growth

The Federal Reserve is buying Treasury bills and mortgage-backed securities at a rate of $120 billion a month. This is apparently being done to support large borrowing by the federal government. At the same time, the Fed has pulled almost a trillion dollars of liquidity out of the financial system by “reverse-repo borrowing.” This has reduced bank reserves and private sector lending. Not surprisingly, the growth of the M2 money stock fell from around 25% in 2020 to around 10% on an annualized basis in the first six months of 2021.

Gramm and Saving in the WSJ: The Fed has lost its ability to control interest rates

Gramm and Saving in the WSJ: The Fed has lost its ability to control interest rates

Writing in the Wall Street Journal, former Sen. Phil Gramm and Goodman institute Senior Fellow Thomas Saving write “Never in the Fed’s 105-year history has it had less control over market interest rates than it has today…. To expect the Fed to hold interest rates above or below the market rate under these circumstances is not only naive but dangerous.”

Savings and Gramm: How the Fed is Slowing Monetary Growth

Savings and Gramm: How the Fed is Slowing Monetary Growth

The Federal Reserve is buying Treasury bills and mortgage-backed securities at a rate of $120 billion a month. This is apparently being done to support large borrowing by the federal government. At the same time, the Fed has pulled almost a trillion dollars of liquidity out of the financial system by “reverse-repo borrowing.” This has reduced bank reserves and private sector lending. Not surprisingly, the growth of the M2 money stock fell from around 25% in 2020 to around 10% on an annualized basis in the first six months of 2021.

The Perils of Trying to Become a Doctor

The Perils of Trying to Become a Doctor

This week the National Resident Matching Program (Match) will inform between 45,000 to 50,000 medical graduates whether they have a career in medicine or should try for Plan B. Some of those who failed to match (about 20 percent) will spend the rest of their lives trying to pay down $300,000 in medical school debt without an income capable of servicing that debt.

How a Questionable Drug Turned into a Goldmine at Taxpayers’ Expense

How a Questionable Drug Turned into a Goldmine at Taxpayers’ Expense

On June 7th the U.S. Food and Drug Administration approved a new drug to treat early-stage Alzheimer’s disease. Is this good news for patients suffering with Alzheimer’s disease? Probably not and certainly not for taxpayers. The clinical trial data found little evidence the drug works. One Phase 3 clinical trial showed a slight slowing in cognitive decline, while the second clinical trial failed to show any improvement.

What’s Behind the Vaccine Slowdown?

What’s Behind the Vaccine Slowdown?

What’s behind the slowdown in vaccinations? The consensus among experts is those not yet vaccinated either 1) don’t want the vaccine 2) harbor some doubts about vaccine safety or efficacy, or 3) simply lack the motivation to find vaccine providers and make an appointment. Vaccine hesitancy accounts for about one-third of adults. For example, the Kaiser Family Foundation ran a survey in April that found 15 percent of respondents who had not received the vaccine plan to “wait and see.” Another 6 percent will get vaccinated “only if required,” and 13 percent refuse to get the vaccine. 

Correcting Misconceptions of Health Care Reform

Correcting Misconceptions of Health Care Reform

One reader posed the question, how does the tax break for employee health insurance harm our health care system? Short answer: over time the practice reduced competition, which weakened cost-control and resulted in health care inflation three times that of consumer inflation. Consider this: once covered by generous health plans, workers cared less about what medical care cost because their health plans paid most of the tab. Employers didn’t care what things cost because they were passing on the costs to workers (indirectly) in lieu of higher cash wages. Third party administrators (TPAs), who manage the benefits for employers, didn’t much care what things cost because they were passing on the costs to employers with a mark-up. The more money spent, the more TPAs earn.

Health Reform: There Is Something for Everyone to Love… and Hate

Health Reform: There Is Something for Everyone to Love… and Hate

Why is it controversial to expand the physician supply, creating more competition? Doctors oppose it, just like they oppose expanding the scope of practice for nurse practitioners. Doctors don’t want me to be able to see a nurse practitioner or physician assistant for a wart on my toe unless that NP/PA works for them.

How did doctors get so powerful? In the first half of the 20th Century, the American Medical Association (AMA) waged a largely successful battle to close medical schools that trained competing physicians. …. More than half of American and Canadian medical schools were closed….  Thus, the job of a physician was yanked out of reach of all but the smartest, most disciplined, wealthy elites.

The 60 Percent Solution to Reforming Healthcare

The 60 Percent Solution to Reforming Healthcare

Can we transform the entire health care system by empowering the roughly 60 percent of patients who are in private health plans? That’s the premise of a new book I just read by Todd Furniss (@TFurniss on Twitter). The author ofThe 60% Solution: Rethinking Healthcare, believes there are five major reforms necessary to empower patients and help them get better care at better prices. These include: (1) change governance, (2) modify health savings accounts (HSAs), (3) clear prices, (4) standardize accounting and information technology in the medical industry and (5) emphasize primary care.

Herrick: States Should Ban These Lab Scams

Herrick: States Should Ban These Lab Scams

There is a new health care scam spreading across rural America that could cost you plenty. Large commercial labs like Quest Diagnostics and LabCorp do not have locations in every small town. As a result, many rural hospitals perform lab work for both their inpatients and outpatients in the local community.

The Perils of Trying to Become a Doctor

The Perils of Trying to Become a Doctor

This week the National Resident Matching Program (Match) will inform between 45,000 to 50,000 medical graduates whether they have a career in medicine or should try for Plan B. Some of those who failed to match (about 20 percent) will spend the rest of their lives trying to pay down $300,000 in medical school debt without an income capable of servicing that debt.

How a Questionable Drug Turned into a Goldmine at Taxpayers’ Expense

How a Questionable Drug Turned into a Goldmine at Taxpayers’ Expense

On June 7th the U.S. Food and Drug Administration approved a new drug to treat early-stage Alzheimer’s disease. Is this good news for patients suffering with Alzheimer’s disease? Probably not and certainly not for taxpayers. The clinical trial data found little evidence the drug works. One Phase 3 clinical trial showed a slight slowing in cognitive decline, while the second clinical trial failed to show any improvement.

The Perils of Trying to Become a Doctor

The Perils of Trying to Become a Doctor

This week the National Resident Matching Program (Match) will inform between 45,000 to 50,000 medical graduates whether they have a career in medicine or should try for Plan B. Some of those who failed to match (about 20 percent) will spend the rest of their lives trying to pay down $300,000 in medical school debt without an income capable of servicing that debt.

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

The $3.5T Spending Mistake

The $3.5T Spending Mistake

Congressional Democrats are proposing to spend an enormous amount of taxpayer dollars on what the New York Times calls a “cradle to the grave” addition to U.S. social welfare. When budgeting shenanigans are ignored, the Committee for a Responsible Federal Budget estimates that the full cost is not the $3.5 trillion that has been widely advertised, but at least $5.0 trillion and possibly as much as $5.5 trillion.

Gorman: US Hospitals are Safer

Gorman: US Hospitals are Safer

A frequent criticism of US hospitals is the charge of excessive adverse medical events,  sometimes leading to avoidable deaths. How do our hospitals compare to hospitals in national health care systems? Quite well. The percent of patients who experience an adverse event is twice as high in Canada, three times as high in Britain and four times as high in New Zealand. 

Linda Gorman Study: Obamacare Dollars Wasted

Linda Gorman Study: Obamacare Dollars Wasted

The percent of the population with private health insurance actually declined during the eight years of the Obama presidency, according to a study by health economist Linda Gorman.

Gorman: Obamacare has been extremely wasteful

Gorman: Obamacare has been extremely wasteful

The federal government spent $341 billion from 2014 through 2016 on subsidizing individual coverage so that people would buy it (Not counting the money spent on state and federal exchanges).

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

The $3.5T Spending Mistake

The $3.5T Spending Mistake

Congressional Democrats are proposing to spend an enormous amount of taxpayer dollars on what the New York Times calls a “cradle to the grave” addition to U.S. social welfare. When budgeting shenanigans are ignored, the Committee for a Responsible Federal Budget estimates that the full cost is not the $3.5 trillion that has been widely advertised, but at least $5.0 trillion and possibly as much as $5.5 trillion.

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

Farewell

Farewell

Some thoughts on the views that have animated this column. By Pete du Pont May 27, 2014 Source: The Wall Street Journal This will be the last of my columns for this publication, so I thought it fitting to note the views that have most influenced these writings....

Farewell

The Real Inequality Problem

It isn’t that some people are wealthy but that others are struggling. Commentary by Pete du Pont April 28, 2014 Source: The Wall Street Journal Among the too numerous frustrations of the political process is that a lot of smart and talented people spend their time and...

Farewell

The Left’s “Wars”

The Left’s “Wars” Commentary by Pete du Pont March 28, 2014 Source: The Wall Street Journal The midterm elections are just over seven months away and the left has unleashed its usual rhetoric about the Republican "war on women." It's baseless political pandering of...

Farewell

Global Warming Heats Up

The public could use an honest debate. Commentary by Pete du Pont February 27, 2014 Source: The Wall Street Journal Global warming is back. Not actual global warming, as the decade­long trend of little to no increase in temperatures continues. But the topic of global...

Farewell

Our Gravest Peril

ObamaCare? Stagnant economy? Crushing debt? Foreign ­policy fecklessness may trump them all. Commentary by Pete du Pont January 21, 2014 Source: Wall Street Journal America's most worrisome problem may not be the failed takeover of our healthcare system. It may not be...

Farewell

The Great Destroyer

ObamaCare wreaks havoc on health care, the economy, American freedom and Obama's presidency. Commentary by Pete du Pont November 25, 2013 Source:The Wall Street Journal Polls show an increasing majority of Americans dislike President Obama's health­care law and...

Farewell

Hillary Will Run

How could she not? Commentary by Pete du Pont October 29, 2013 Source: Wall Street Journal Hillary Clinton is going to run for president in 2016. Granted, she is exhibiting even more coyness than most presidential prospects, and yes, the media are filled with those...

Farewell

The Beltway Stalemate

Democrats and Republicans have never had such a conflict of visions. Commentary by Pete du Pont September 26, 2013 Source: The Wall Street Journal The debate about military action in Syria seems over for now, and Washington is back in campaign mode. We have a...

Farewell

Farewell

Some thoughts on the views that have animated this column. By Pete du Pont May 27, 2014 Source: The Wall Street Journal This will be the last of my columns for this publication, so I thought it fitting to note the views that have most influenced these writings....

Farewell

The Real Inequality Problem

It isn’t that some people are wealthy but that others are struggling. Commentary by Pete du Pont April 28, 2014 Source: The Wall Street Journal Among the too numerous frustrations of the political process is that a lot of smart and talented people spend their time and...

Farewell

Farewell

Some thoughts on the views that have animated this column. By Pete du Pont May 27, 2014 Source: The Wall Street Journal This will be the last of my columns for this publication, so I thought it fitting to note the views that have most influenced these writings....

What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.

Why Do Progressives Support Democrats? Part II

Why Do Progressives Support Democrats? Part II

Republican politicians and right-of-center thinkers have given us the most progressive tax and transfer system in the world. Here are a few more examples of progressive ideas from the right. More.

Why Do Progressives Support Democrats? Part I

Why Do Progressives Support Democrats? Part I

The words “progressive” and “Democrat” have become virtually synonymous in modern parlance. But did you know that the most important progressive reform ideas of the last half-century have not come from the left? They have come from Republican politicians and right-of-center intellectuals and think tanks. More.

Hidden Traps in the IRA Bill’s Drug Provisions

Hidden Traps in the IRA Bill’s Drug Provisions

In the near future, the elderly and the disabled will face a double whammy: higher premiums for Part D drug insurance and higher prices at the pharmacy. This is on top of negotiated prices (and the consequent drop in new drug production) which will kick in later in the decade.

John Goodman and Linda Gorman explain why this will happen in The Hill.

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

Here are five surprising facts:

  • The U.S. welfare state has almost eliminated poverty in this country.
  • Over the last 75 years, income inequality has actually gone down, not up.
  • Since the end of World War II, income has steadily risen for every income group – with the greatest increase among the bottom fifth of the income ladder.
  • Over half of the population gains very little from working under the U.S. fiscal system – as taxable income replaces untaxed transfer benefits.
  • The U.S. has the most progressive fiscal system among all developed countries.

Health Reforms for Voters

Health Reforms for Voters

Chief among these is Obamacare reform to (1) let families have access to insurance that meets their medical and financial needs, instead of unaffordable deductibles and sky-high premiums; and (2) let families have access to the best doctors and the best hospitals, instead of narrow networks that deny them the care they need. More.

Medicare Prescription Drugs: A Case Study In Government Failure

Medicare Prescription Drugs: A Case Study In Government Failure

Bernie Sanders and other socialists think health care should be provided by the state. Their latest version of that idea is “Medicare for all.” How does Medicare stand up against private, free-market provision of similar services? Since Congress just acted on Medicare prescription drugs, let’s examine drug coverage in answering that question. More.

What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.

Why Do Progressives Support Democrats? Part II

Why Do Progressives Support Democrats? Part II

Republican politicians and right-of-center thinkers have given us the most progressive tax and transfer system in the world. Here are a few more examples of progressive ideas from the right. More.

What Can We Learn from the Election?

What Can We Learn from the Election?

Before the election, the House Republican Study Committee released a document that was chock full of commendable reforms. But no one read it. More.