This may surprise some of you, but we have been unable to find a conservative/libertarian alternative to the Democrats’ proposals on Medicare prescription drugs. Yet, there are real problems that need solving. This morning at Forbes, John Goodman provides a first-of-its-kind analysis of why the Medicare prescription drug market doesn’t work as it should, and what can be done to correct those problems – with no new taxes, no new spending and no new impediments to the discovery of life saving drugs. More.
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...
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.
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.
Obamacare is a flawed program that has made health insurance unaffordable and unattractive for millions of people. Instead of fixing these flaws with sensible (bipartisan) reforms that need not cost the taxpayers an extra dime, the new proposal would double down on a colossal mistake.
John Dale Dunn is a retired emergency physician and inactive attorney in Brownwood, Texas. In this post he profiles John Goodman.
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