EconoMonitor

Ed Dolan's Econ Blog

  • Hayek, Knowledge, and Carbon Taxes: Markets Without Prices or Prices Without Markets?

    As far as I know, Friedrich Hayek never wrote a word about climate change, but two of his most famous works contain arguments that bear directly on this key issue of environmental policy. Judging from what he wrote about the role of science in public policy and the use of knowledge in society, I think […]

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  • Universal Healthcare Access is Coming. Stop Fighting It and Start Figuring Out How to Make It Work.

    Many observers are describing the dramatic failure of the American Health Care Act (AHCA) as a debacle, but perhaps it will prove to be a step forward. As everyone knows by now, the United States is alone among advanced economies in not having universal access to health care, but it is already much closer to […]

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  • Inaction on Healthcare Prices is the Fatal Flaw that Dooms the ACHA to Failure

    Republican reformers have repeatedly promised affordable healthcare for all Americans — doubly affordable, in fact. They promise to put premiums and out-of-pocket costs within reach of low- and middle-income consumers, and at the same time, that the plan will be affordable to the federal budget, even given the constraints their most conservative members would like […]

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  • Is 100 Percent Decarbonization a Good Idea for the California Grid?

    Although there is a clear lack of will to do much about climate change at the federal level, California is another story.  In a recent poll, 69 percent of California voters backed policies to cut emissions. The latest sign of enthusiasm is a bill introduced by State Senate leader Kevin De León that would completely […]

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  • 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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  • Are Rising Interest Rates Really Good for Banks?

    As the stock market soars to one record high after another, analysts do not hesitate to tell us why. One popular explanation is that expectations of higher interest rates are pushing up the stocks of banks and other financial companies  (example). Yet not so long ago, the same analysts were telling us that Wall Street […]

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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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  • Repeal Fuel Economy Standards and Replace Them with a Tax

    The Wall Street Journal reports that automakers are asking the EPA to repeal automobile fuel economy standards, known as Corporate Average Fleet Economy (CAFE) standards, which are set to rise to 56 miles per gallon by 2025. Repealing the standards would be a good idea, provided they were replaced by tax designed to achieve an […]

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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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