« February 2017 | Main | April 2017 »

March 2017

"Why College Graduates Still Can’t Think"

Several paragraphs in the author makes an important distinction:

Unfortunately, those disciplines are also where most critical thinking instruction supposedly occurs in our universities. (Actually, other fields, such as the hard sciences and engineering, probably do a better job of teaching true thinking skills—compiling and evaluating evidence, formulating hypotheses based on that evidence, testing those hypotheses for accuracy before arriving at firm conclusions. They just don’t brag about it as much.)

Another example of the rule of thumb that those who talk a lot can't do much while those who do a lot don't talk much.


"Obamacare's Backfire"

Ironman at Political Calculations performs a simple analysis that yields an interesting conclusion:

Beginning in 2014, millions of lower income-earning Americans became eligible to have fully government-subsidized health insurance coverage through the U.S. government's Medicaid welfare program thanks to the expansion of eligibility for that program provided for by the Affordable Care Act (ACA), which is more popularly known as Obamacare. Unfortunately, that expanded access to health care may very well have caused an increase in death rates due to drug overdoses in the United States to such a degree that the overall estimated life expectancy of Americans has declined.

He explicitly states that a richer analysis should consider possible confounders. But this is a fine start.

Related: "How the feds are fueling America’s opioid disaster".


"We're In Denial About Growing Administrative State"

Bad news:

Aside from excessive meddling, the other big complaint against regulation is that it hurts the economy. No one really knows by how much, but "there is ample evidence that regulation has expanded and that this expansion has limited economic growth," as Ted Gayer and Philip Wallach of the Brookings Institution recently wrote. One study estimates that regulation has shaved 0.8% off the U.S. annual growth rate which — if confirmed by other studies — would be huge.

Related:

"Congress must stop death by decree: The biggest restraint on economic growth is federal red tape".

"Deconstructing the Administrative State"

Some possible approaches to improving matters:

"Trump Wants to Deconstruct the Regulatory State? Good. Here’s How You Start".

"A Blueprint for Reforming the Federal Government".

Confirming Gorsuch to the Supreme Court could well help: "Gorsuch’s Collision Course With the Administrative State".