Monday , May 17 2021
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Tag Archives: Economics

Prescription Only Apps????

Scott Alexander has a good post on prescription only Apps. Trouble falling asleep? You could take sleeping pills, but they’ve got side effects. Guidelines recommend you try Cognitive Behavioral Therapy For Insomnia (CBT-i), a medication-free process where you train yourself to fall asleep by altering your schedule and sleep conditions. …Late last year, Pear Therapeutics released a CBT-i app (formerly “SHUT-i”, now “Somryst”) which holds the patient’s hand through the complicated...

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The Economist on Patent Waivers

A good statement from The Economist: We believe that Mr Biden is wrong. A waiver may signal that his administration cares about the world, but it is at best an empty gesture and at worst a cynical one. A waiver will do nothing to fill the urgent shortfall of doses in 2021. The head of the World Trade Organisation, the forum where it will be thrashed out, warns there may be no vote until December. Technology transfer would take six months or so to complete even if it started today. With the...

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The gender confidence gap in economics

From Heather Sarsons and Guo Xu, in the new AEA Papers and Proceedings: Women are 7.3 percentage points less likely to provide extreme judgments (column 1). In terms of magnitude, this gap is economically large. Compared to the mean of the dependent vari-able (19.8 percent), this corresponds to a gap of 36 percent. The gap is somewhat smaller for the self-reported confidence level but still nontrivial (column 3). On average, women tend to report a confidence score that is 0.221 points lower...

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Cash transfers vs. in-kind health care assistance

The benefit of Medicaid coverage received by a newly insured adult is less than half what that coverage costs taxpayers, which is about $5,500 a year. The reason is simple: The uninsured already receive a substantial amount of health care, but pay for only a very small portion of it, especially when their medical bills are high. We have estimated that 60 percent of government spending to expand Medicaid to new recipients ends up paying for care that the nominally uninsured already receive,...

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The inflation trilemma

You all know by now that the measured rate of price inflation came in at 4.2%, much higher than expected.  Many people wish to maintain this is not a major problem, and maybe they are right.  But here are three views you cannot hold simultaneously: 1. The distribution of income really matters. 2. Workers don’t have nearly enough bargaining power, and are at a disadvantage in negotiations and renegotiations. 3. Higher rates of price inflation are not a problem. Higher rates of price...

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North Dakota Continuing Claims & Unemployment Benefits

I am back to posting after a bout of Crohn’s disease requiring the removal of my appendix. So North Dakota will join a number of other states and stop using the extra federal money added to unemployment benefits. The thought process in general is that the extra benefits deter people from finding work. Now let’s accept from the start that we can surely find people for whom this is true, and people for whom this is not true. We want some broader understanding and that is what I attempt...

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The dating culture that is Korean

Some Korean couples have found a way to redefine romance — by gifting each other Tesla and other blue-chip stocks. It all started when securities brokerage and investment banking company Shinhan Investment Corp started listing “stock gift cards” on the KakaoTalk mobile app’s “Kakao Gift” store around Christmas last year. Perhaps inspired by Kanye West’s 2017 Christmas gift to Kim Kardashian, which included Amazon, Apple, Disney, and Netflix stock, KakaoTalk...

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The Essential James Buchanan

The Essential James Buchanan is an excellent new primer on Buchanan written by Don Boudreaux and Randy Holcombe. It’s part of the Essential Scholar series from the Fraser Institute which also includes Hayek, Nozick, Locke, Smith and Hume among others. Each book can be downloaded in entirety or by chapter and each comes with introductory videos and a guide to further readings. Boudreux and Holcombe’s chapter on Buchanan on government debt is especially clear and concise. All the...

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From the comments, on restaurant labor and UI

I own a restaurant and bar in a rural community in western Washington. Our state minimum wage is currently $13.69 per hour which is what we pay our tipped front of the house employees. After tips these employees are making $25 to $35 per hour. Not bad for a job that requires no formal training. We start our back of the house cooks at $17 hour and up. For full time employees we also offer health insurance. We are still having major problems finding employees. I have ads for employees that get...

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