EconoMonitor

Ed Dolan's Econ Blog

Category Archive: United States

  • Will Ryancare Prevent a Healthcare Death Spiral?

    On March 6, the Republican House leadership finally released a draft plan for repealing and replacing the Affordable Care Act (ACA). Although only a draft, it has already earned the name of “Ryancare.” As this is written, with the ink not yet dry, influential Republicans are already calling it a “framework for reform” or a […]

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  • Questions for GOP Healthcare Reformers

    Republicans do not yet have a full replacement for the Affordable Care Act (ACA or “Obamacare”), but the outlines of one are emerging. The Policy Brief on Repeal and Replace issued by House Republicans on February 16 points the way toward a three-tier system. It promises to provide  “coverage protections and peace of mind for […]

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  • CNN’s Sanders-Cruz Healthcare Debate: A Scorecard

    CNN, Senator Sanders, and Senator Cruz deserve congratulations for a great town hall. Real focus, real exchange of views, even real agreement now and then on some important ideas. Worth viewing, or if you missed it, worth reading the transcript. Still, articulate and well prepared though the participants were, there were things they should have […]

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  • The Conservative Case for Carbon Dividends: A Bad Marriage of Two Good Ideas?

    As a firm supporter of both carbon taxes and a universal basic income (UBI), you would think that I would be thrilled by the new report, The Conservative Case for Carbon Dividends, released Wednesday by the Climate Leadership Council (CLC).  It puts a price on carbon like a good carbon tax should, and it gives […]

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  • The Progressive Case for Abolishing the Corporate Income Tax

    Reform of the corporate income tax is shaping up to be one of the big issues facing Congress in 2017. Republicans are pushing for big cuts in the corporate tax rate. Most observers seem to assume that conservatives and progressives will be at swords points over those cuts, but they should not be. There is […]

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  • How Does the Obama Jobs Record Score Against Other Presidents? (Let’s Be Fair)

    As Barack Obama prepares to leave office, there has been a lot of talk about his record of job creation. The raw numbers look pretty  good: Payroll jobs increased by some 11 million from the quarter before Obama’s inauguration to his last full quarter in office. That is the third best among the 12 presidents […]

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  • Is US Fiscal Policy About to Go Procyclical, Yet Again? How Can We Tell?

    As 2017 begins, the US economy is in the middle of a boom, or at least a boomlet. The official unemployment rate is at or below its target level, stock market indicators are hitting all-time highs, and the Fed is starting to get serious about raising interest rates. All this is reflects the expectation of […]

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  • How Occupational Licensing Undermines Labor Fluidity

    A healthy economy requires a fluid labor market. Even when total employment and output are stable, the labor market is in constant motion. Jobs disappear when firms close or downsize. Other jobs appear when new firms open or old ones expand. People move freely from one job to another in search of career advancement or […]

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  • Does the Social Safety Net Provide Enough Incentive to Work?

    One of the most common criticisms of social safety net programs is that they discourage work. As House Speaker Paul Ryan has put it, they risk becoming a “hammock that lulls able-bodied people to lives of dependency and complacency,  that drains them of their will and their incentive to make the most of their lives.” […]

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  • Voters are Angry about Free Trade. What is the Right Policy Response?

    The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, they have won millions of votes. Many of the arguments they use in their stump speeches are overly simplistic, but the anger […]

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