- AEI on the House Republican (but mainly bipartisan) health bill: “There is nothing objectionable in it, but neither is there anything that might deliver transformative improvements over the status quo.”
- Was this fraud? Sold as a program in which a worker’s payroll taxes would provide for his future retirement benefits, Social Security from day one deposited payroll tax revenues in the Treasury’s bank account and used the funds to pay general government expenses.
- Why do the poor commit more crimes than other people? Turns out, it is not because they have less money.
- In California, the typical cost of assisted living is $173 a day, compared to $400 a day for nursing homes.
- Weight-loss drugs do more than fight obesity; they also reduce heart disease.
Category: John C. Goodman
Our Response to a Critic
HealthSherpa posted a lengthy criticism of our WSJ editorial some time back. Here is our response.
Friday Links
- Placebos seem to work even when patients know they are taking a placebo. HT: Tyler
- Sen. Blackburn tweets on the Goodman/Gossage WSJ editorial.
- Amy Finkelstein, et. al. find that Jeff Brenner’s “hot spots” experiment in Camden, New Jersey can’t be duplicated.
- House Republican health care legislation gets a few things right.
- AI discovers a new structural class of antibiotics. HT: Tyler
- An AI pendant worn around your neck grades you on your interactions with others and tells you how to improve.
Why People Have a Negative View of the Economy
- Real average hourly earnings are down 2.5 percent since Election Day 2020 and real median usual weekly earnings are down 3.2 percent. That latter compares with an 8.0 percent gain over the previous four years.
- Today it takes nearly 60 percent of a median family’s income to cover a mortgage on a median-priced home. The standard historically has been around 30 percent.