Tuesday, 27 June 2017

Health Care in the USA

If you want to view what not to do for health Care in a country then look no further than the US.

Here are some views on firstly the Senate Bill:

This gem is courtesy of  Brad De Long. It is an article form the New England Journal of Medicine.

For the life of me I fail to see how vastly reducing the number of people that have health care, boosting premiums for older people and giving tax cuts to wealthy people is a vote winner

Monday, 26 June 2017

Why you should never use the Hodrick Prescott filter

That is the title of a very good paper written by the esteemed James Hamilton.

Yes I know both Mark Thoma and Brad De Long have previously highlighted this paper but that was when it was only available via the NBER avenue and that is not available to all.

There are TWO choices

The expurgated version was in Friday's Around the Traps in the Vox wonk section.
It is HERE.
James has also made his total article available via his wonderful ECONBROWSER blog.
It is HERE. ( You have to use his link to view it.)

Fascinating as Mr Spock used to say

Sunday, 25 June 2017

The Socceroos were great

It has taken some time but the Socceroos finally put it all together. For some time they have been dull and listless but today they were energetic, full of vitality and industrious.

WE played a second string Germany and lost 3-2 and  it should have been 6-2. We drew 1-1 with Cameroon and should have lost 3-1 however today we should have won perhaps 4-2 against the best team in the tournament.
Quite easily the best three players were Sainsbury who was a tower in defence, Milligan who except for one moment completely shut out Sanchez out of the game and Irvine who provided the get and go needed in the midfield. Having a back three finally worked hallelujah.

I do have to say certain players lack of class was shown. This is why we did not score the goals we should have. to create so many goal opportunities against the 4th rated  side in the world was a sensational task. Pressure at the highest level meant we just could not convert those opportunities into goals.
It may come in the future. We shall soon learn if Ange is a great coach or a stubborn one. If he is great we shall easily make it to the World cup and certainly get into the final 16. If he is stubborn and simply had some good luck we will struggle to make the world cup and won't win a game.

I think the former is correct and thus am lacking forward to the World Cup.

Thursday, 22 June 2017

Around the Traps 23/6/17

It is time for Around the Traps yet again.

Northern America
Andrew Gelman (mainly stats)
Genial Dave Giles (econometrics)
Dianne Coyle (quirky + book reviews)
Vox Wonk

Wednesday, 21 June 2017

Polling update

The inimitable Kevin Bonham has his usual excellent analysis of the latest polls for the Federal parties.
It seems to me voters have made up their mind. I tend to agree with Kevin that this Government certainly has the smell of the ALP Government going into the 1996 election. no matter what it tries nothing seems to increase its vote. We have to remember that the Government in essence has always been behind in the polls since the last election.This is  unheard of.

Me thinks plenty of leadership speculation to come and of course with Tony Abbott making comments which the press play up then the disunity tag is easily applied to the Liberals.

I really do not think even the Liberals are so stupid as to make Abbott leader again. Unlike Rudd he has never been liked the the electorate and to be blunt he is still an embarrassment and a bore when he is interviewed ( 2GB in Sydanee do it twice a week).

I am hoping they make Peter Dutton leader and he thus loses his seat at the next election when he is shown completely out of his depth. Andrew Elder will be go apoplectic

Tuesday, 20 June 2017

Disaster economics

Following on from Yesterdays article by Simon Wren-Lewis.

Today I have another highly interesting article by a clever pom namely Tony Yates  of  Long and Variable fame.
It is all about Disaster economics.

Fascinating as Mr Spock used to say.

Monday, 19 June 2017

Central Banks should increase their inflation targets

Simon Wren-Lewis has a very good article essentially on this area.He makes a lot of very good points