Harold Pollack is the Helen Ross Professor of Social Service Administration at the University of Chicago and a Special Correspondent for The Treatment. More in sorrow than in anger, Washington Times editorialists are concerned that President Obama doesn't do enough to control costs. The Times particularly chides the President for delaying the proposed "Cadillac tax" on costly insurance plans. One original cost-control measure was to impose a tax on high-quality insurance, dubbed Cadillac plans….
--Jonathan Cohn on where health care stands as of now --Richard Thaler on the all-gain, no-pain plan to auction off the radio spectrum --Tim Noah on America's insufficiently frightened ruling class --Ron Brownstein on America's excessively frightened Democrats --Dexter Filkins surveys America's position in Afghanistan --Ross Douthat dreams of Mitch Daniels (My not-altogether different take here.)
Playoff season is here! Today, TNR celebrates America’s pastime with a selection of our best baseball pieces from the archives. "Who's on first?" by Richard Thaler and Cass Sunstein, September 1, 2003. How statistics geeks revolutionized baseball. "Yankee, Stay Home," by David Greenberg, October 30, 1995. Saving urban baseball from George Steinbrenner. "Field of Kitsch," by Nicholas Dawidoff, August 17, 1993. Is nostalgia wrecking baseball? "Another Good Season," by Eugene McCarthy, April 22, 1978. The 1968 presidential candidate's ode to the sport. "Baseball on Trial," by Hugh S.
So I think I agree with pretty much every point Paul Krugman makes in yesterdays' Times magazine about where economics went off the rails. Including his big prescriptive point: Economics, as a field, got in trouble because economists were seduced by the vision of a perfect, frictionless market system. If the profession is to redeem itself, it will have to reconcile itself to a less alluring vision — that of a market economy that has many virtues but that is also shot through with flaws and frictions. The good news is that we don’t have to start from scratch.
Richard Posner is against the proposed new Consumer Financial Protection Agency (CFPA). This is, of course, not a surprise.