Low Interest Rates: The Addictive Policy Drug of Choice

This piece was originally posted on the Lawrence Economics blog in 2012.  This version has been updated in many places; however, the effects discussed in that posting remain a major concern today.  Political pressure to not only keep interest rates low but to lower them further seem unstoppable, especially since the eventual economic consequences are not … More Low Interest Rates: The Addictive Policy Drug of Choice

Modern Monetary Theory (MMT): Not Modern, Nor Purely Monetary, Nor a Coherent Theory

The theory, such as it is, has two primary claims: Countries that print their own currencies need not default on excess debts. Inflation in the end can and must be controlled by raising taxes or cutting spending, sufficiently to soak up such printed money. Based on these claims, MMT advocates conclude that the US need … More Modern Monetary Theory (MMT): Not Modern, Nor Purely Monetary, Nor a Coherent Theory

Energy Innovation and Carbon Dividend Act of 2019

Recently, I joined the Citizen’s Climate Lobby (CCL) which backs the Energy Innovation and Carbon Dividend Act of 2019. This bipartisan piece of legislation introduces a carbon fee that rises each year. The proceeds are distributed to American households on a lump sum basis, similar to the process used for the Alaska oil dividend program. … More Energy Innovation and Carbon Dividend Act of 2019

Presentation on Fox Valley Health Care

The Fox Valley HC Presentation 2.1 highlighted three key observations: Observation 1: Medical costs in the Fox Valley are unsustainable and unaffordable for many residents. Observation 2: Local healthcare systems lack transparency and are unaccountable. In our opinion, unelected “elites” serve their institutions rather the community at large. Observation 3: Local health care system and delivery … More Presentation on Fox Valley Health Care

Appleton…We Have a Health Care Problem

On October 16th, at 7 PM in the Wriston Auditorium at Lawrence University, I will present the Fox Valley Health Care Transformation Initiative which seeks to transform the organization, delivery, and financing of the medical systems in the Fox Valley to achieve the Triple Aim of lower cost, better health, and improved patient experience for the … More Appleton…We Have a Health Care Problem

Physician Workforce Composition Matters in Explaining Health Care Spending Differences From Those of Other High Income Countries

In a March 13, 2018 article in JAMA (2018;319(10):1024-1039), Papanicolas, Woskie, and Jha (PWJ) provide an in-depth description of “Health Care Spending in the United States and Other High-Income Countries.”  Through detailed comparisons of demographics, insurance system characteristics, workforce composition, service and pharmaceutical use, and specific indicators of access and health outcomes, the authors conclude … More Physician Workforce Composition Matters in Explaining Health Care Spending Differences From Those of Other High Income Countries