Since interest rates supposedly have a strong effect on unemployment, how can forecasters be so right about unemployment if they’re so wrong about interest rates?
This is a cruel, counterproductive path we are on, and that is not a statement of mere opinion. It is the inescapable conclusion of data-driven, cutting-edge economic research based on real-world evidence and the accumulated lessons of American history.
At long last, we can answer the simple question that Democrats have been asking Republicans since March 23, 2010: You got a better idea? Unfortunately, the answer is a disappointing “no.”
Barone and Krauthammer claim that the Medicaid group did not have better health than the uninsured group, proving the futility of health insurance, but their conclusion is based on a very narrow, selective reading of the evidence.
Not only does Sam Zell’s theory fail to explain the rise of the One Percent, it actually gives a reason to oppose it. If more work is a justification for more income, as Zell suggests, then the One Percent should be experiencing less income growth than everyone else.