In terms of skills and education, Israel probably has the highest level of human capital per person in the whole world. Yet its per capita output is mediocre in the middle of the developed country pack. Why is that? Because Israel has been slow to adopt capitalism.
President Obamas concern about middle class economics is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, its small potatoes.
Heres a shocker. Rahm Emanuel may not be re-elected as mayor of Chicago.
So whats the answer? In a previous Forbes post I argued that we can denationalize and deregulate the exchanges.
"The shadow of crisis has passed," President Obama told us on Tuesday night. The State of the Union is strong," he added. But is it really?
Paul Krugman has become an embarrassment to the economics profession. Despite his Nobel Prize and despite his previous high regard in the profession, his twice-a-week editorials in The New York Times are causing even progressive economists to treat him as somewhat of a kook.
Why are you and I enjoying the bounty of the richest country in the history of the world instead of grubbing around in the forest for roots and berries the way our ancestors did?
One of the most controversial features of the Affordable Care Act (Obamacare) was the desire on the part of many of its backers to subject medical decisions to a cost effectiveness standard.
The argument for Obamacare really boils down to one idea: people without health insurance wont get medical care. Or if they do get it, the care will be too little and too late.
So this is a good time to ask: What does the Democratic Party stand for? And if the answer is: liberalism, what does it mean to be a liberal? Or if you prefer, what does it mean to be a progressive?
Now that Republicans will control both houses of Congress, they will have an opportunity to deal with Obamacare. What should be done?
The Obama administration is actually pleading with people to shop around before choosing a health insurance plan.
As I wrote at Forbes yesterday, New York Senator Charles Schumer has placed the blame for the Democrats disastrous defeat in this falls election squarely at the feet of the Affordable Care Act (Obamacare).
It should come as no surprise to Townhall readers that the new Republican congress has no plan to deal intelligently with Obamacare.
The Obama presidency is a failed presidency. He has presided over one of the slowest economic recoveries in history. His foreign policy has been a disaster. ObamaCare is a mess. And its hard to lay the blame off on anyone else. The president didnt make Republicans part of any of his decisions and most of the time he ignored congressional Democrats as well.
Actually the Democrats have been race baiting for decades. And its not going away. Using fear and race-polarizing agitation to drive minority voters to the polls is going to be the increasingly overt face of the Democratic Party. They cant win any other way.
Conventional wisdom says that Democrats wanted to campaign this year on jobs and the economy. They were supposedly thrown off message by ISIS and the Ebola scare. But if voters re-focus on jobs and the economy, do the Democrats have a credible plan to offer them? I tried to find out.
Have you noticed that in most science fiction movies the aliens are almost always biological entities often obsessed with eating us or sucking our blood or possessing us or at least conquering us.
Is there any place you can go to find an objective, understandable explanation of how ObamaCare works?
Why does the left care about income inequality? University of Chicago economist, John Cochrane asked that question the other day and could only settle on one answer: they like big government.