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Worthy Reads at Equitable Growth and Elsewhere… August 16, 2018

Summary:
Worthy Reads Elsewhere...Dan Drezner: The invisible heroism of Paul Ryan: "Back in March, I wrote.... 'Why, exactly, is Paul D. Ryan being so quiet? What does he hope to accomplish at this point? I don’t know. I would love to hear from someone who does'... The utility of history for rational self-government: David Walsh: "That Twitter is the major forum for this says a lot about the pitiful state of our institutional capacity... Erica Groshen and Robert Groves: Better Data for a Better Economy: "Mov[ing] the Bureau of Labor Statistics—the source of statistics on jobs, wages, working conditions, productivity and prices—from the Labor Department to the Commerce Department... Nancy L. Yu, Preston Atteberry, Peter B. Bach: Spending On Prescription Drugs In The US: Where Does All The Money

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Worthy Reads Elsewhere...

  • Dan Drezner: The invisible heroism of Paul Ryan: "Back in March, I wrote.... 'Why, exactly, is Paul D. Ryan being so quiet? What does he hope to accomplish at this point? I don’t know. I would love to hear from someone who does'...

  • The utility of history for rational self-government: David Walsh: "That Twitter is the major forum for this says a lot about the pitiful state of our institutional capacity...

  • Erica Groshen and Robert Groves: Better Data for a Better Economy: "Mov[ing] the Bureau of Labor Statistics—the source of statistics on jobs, wages, working conditions, productivity and prices—from the Labor Department to the Commerce Department...

  • Nancy L. Yu, Preston Atteberry, Peter B. Bach: Spending On Prescription Drugs In The US: Where Does All The Money Go?: "The US pharmaceutical industry is characterized by a complex and often opaque system of distribution and reimbursement...

  • No surprise: throwing people off Medicaid has substantial costs and no benefits at all: Thomas DeLeire: The Effect of Disenrollment from Medicaid on Employment, Insurance Coverage, Health and Health Care Utilization: "From July through September 2005, TennCare, the Tennessee Medicaid program, disenrolled approximately 170,000 adults following a change in eligibility rules...

  • A very good point here: there is good reason not to take a markup-free model as our benchmark from which we begin our analysis of Trump: Ben Golub: Krugman Thinks Efficiency Loss of a Trade War Is Small: "Krugman thinks efficiency loss of a trade war is small (Harberger triangle size) even though trade is now in intermediates along supply chains...

  • Smart proposal to unify U.S. statistical agencies in the Department of Commerce: Erica L. Groshen and Robert M. Groves: Op-Ed: "We depend largely on three professional government agencies: the Bureau of Labor Statistics, the Bureau of Economic Analysis and the Census Bureau...

  • Cathy O'Neal: Mark Zuckerberg Is Totally Out of His Depth: "I might be the only person on Earth feeling sorry for the big boys of technology. Jack Dorsey from Twitter, Mark Zuckerberg from Facebook, all those Google nerds: They’re monumentally screwed, because they have no idea how to tame the monsters they have created...

  • Kate Aronoff: What the ‘New York Times’ Climate Blockbuster Missed: "Nathaniel Rich’s article illustrates American failures, not global ones...

  • Alexandra Erin: Fear, and Fear of Witches: "There's fear, and then there's fear of witches...

  • Michael Tomasky: Hail to the Chief: "It’s worth stepping back here to review quickly the steps by which the Republican Party became this stewpot of sycophants, courtesans, and obscurantists...

  • Paul Krugman: Supply Chains and Trade War: "There are three possible stories about how supply chains might increase the costs of trade war, and while two of them are right, I suspect that many economists are buying into the third, which isn’t...

  • Mattheew Fay: The U.S. Military is a Tool, but the President Thinks it’s a Trophy: "The president routinely complains that the United States can’t afford to maintain its alliance commitments... suggests military exercises on the Korean Peninsula are so costly that they can be traded for vague promises of North Korean denuclearization.... The president will preside over a military parade in Washington, D.C., later this year that will cost nearly as much as the exercises. What explains this apparent contradiction?...

  • Michael Tomasky: What Are Capitalists Thinking?: "Every once in a while in history, cause and effect smack us in the face.... The kind of capitalism that has been practiced in this country over the last few decades has made socialism look far more appealing.... If you’re 28 like Alexandria Ocasio-Cortez... what have you seen during your sentient life?...

  • Why are Fox News's victims so easily-grifted with respect to making them scared of liberal universities?: Jacob T. Levy: "I’ve made a lot of arguments in my life to people who didn’t want to hear them. I argued about sodomy laws and Bowers vs Hardwick with my grandmother when I was 15...

  • Doug Irwin: Trump’s trade policy is an exercise in futility: "Yet for all the Sturm und Drang of his trade policy, the president is likely to end up being terribly disappointed by the results of his efforts...

  • Bradford DeLong
    J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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