Our Emotional Opinions — Ryan Sager – In other words, please think before you speak. Your opinion matters, so voice it responsibly. Together we can raise the level of public debate.
Drug War’s Wrong Focus — Baltimore Sun (via truthout) – In the middle of this excellent column is devastatingly convincing evidence: “[For] every dollar invested in drug treatment, taxpayers save upward of $7 in crime-related reductions due to less incarceration and hospitalization.” Then, for goodness sake, let’s invest!
Adverse Selection — Mark Thoma – Wow, people are outdoing me on adverse selection everywhere today (see Kwak and Krugman below). Thoma’s excellent post expands on my point that, whether or not you think adverse selection is as strong as textbooks say it is, private insurers expend considerable resources to overcome it.
Pushing South Asia Toward the Brink — Zia Mian – Fantastic insight into the problems in India and Pakistan, including many recent developments that go unreported in the mainstream media. So long as we avert our eyes from the major problem, it will only continue to escalate.
An Incoherent Truth — Paul Krugman – Krugman is in his element once again, explaining very complex proposals in very simple terms. Two important points: (1) “[A] plan without a public option to hold down insurance premiums would cost taxpayers more than a plan with such an option.” When economists talk about rising health care premiums, they’re usually ignoring this critical point. (2) “[Without] an employer mandate, health care reform would be undermined as many companies dropped their existing insurance plans, forcing workers to seek federal aid — and causing the cost of subsidies to balloon.” When pundits worry about the public plan becoming too expense because too many consumers will opt for it, they are usually ignoring this critical point.