Hits and Misses

heartStunning finding: Saturated fat doesn’t cause heart disease.

Laszewski trashes the new Republican health plan.

Johnathan Chait: Is the new Republican plan really a plan or is it just promises, promises?

Are we headed toward a zero marginal cost society?

Should there be special emergency rooms for the elderly?

In five states, an average full-career retiree receives a retirement income higher than his final salary.

Comments (16)

Trackback URL | Comments RSS Feed

  1. Allen says:

    “The single macronutrient approach is outdated,”

    DUH

  2. Wally says:

    “Should there be special emergency rooms for the elderly?”

    Costs would be sure to go up even more

  3. Trent says:

    “In five states, an average full-career retiree receives a retirement income higher than his final salary.”

    This is how Detroit collapsed!

    • Lucas says:

      And still collapsing, that city will just have to start over

    • Buster says:

      “In five states, an average full-career retiree receives a retirement income higher than his final salary.”

      People discount the value of benefits by rates that are too high. Explaining it another way in plain English, the reason credit cards with 16% annual interest rates exist is because people will pay huge premiums for benefits now rather than benefits in the future. Many people would trade $1 20 years for $0.05 today. This fact alone should be enough to explain why pension benefits are a relatively weak motivator.

      If pension benefits are a weak motivator, then why are public pensions so generous? The only reason huge pensions like this exist is because interest group theory combines with the aforementioned phenomenon. Public employee unions lobby for perks in the future. Voters are willing to promise metermaids, for example, $45,000 in annual retiree benefits beginning 20 years from now because finding the money to pay someone $45,000 (starting 20 years from now, ending 50 years from now) is someone else’s problem. That someone else is our grandchildren — many who have yet to be born.

  4. Lucas says:

    “The Republican Health-Care Plan Is Almost Here, and Always Will Be”

    Of course, anything to beat out the Dems

  5. Barry says:

    “The Rise of Anti-Capitalism”

    I would say its more about the rise of liberty!