The Supreme Court Didn’t Really Smack Down Gorsuch – Bloomberg View But unfortunately for Democrats, Gorsuch wasn’t wrong to apply it: It was the binding legal rule in the 10th Circuit, established in 1996, long before he joined the U.S. Court of Appeals. So don’t believe the hype. The Supreme Court didn’t smack down President Donald Trump’s nominee for its empty seat. It just rejected the precedent created by his circuit.
Welfare and warfare – Marginal REVOLUTION But it is also a question of history and, more specifically, of how welfare states in the rest of the world developed alongside warfare. European welfare states began in Prussia at the end of the 19th century, when war with France required the mobilisation of a large number of civilians. Britain’s welfare state has its origins in the discovery that many of the men who presented themselves to recruiting offices during the Boer war were not healthy enough to fight. Before the second world war, British liberals would have seen the creation of a government-run national health service as an unwarranted intrusion of government into private life. After 1945 it seemed a just reward for a population that had suffered. In America this relationship between warfare and health care has evolved differently. The moment when the highest proportion of men of fighting age were at war, during the civil war (when 13% of the population was mobilised), came too early to spur the creation of a national health system. Instead, the federal government broke the putative link between war and universal health care by treating ex-servicemen differently from everyone else. In 1930 the Veterans Administration was set up to care for those who had served in the first world war. It has since become a single-payer system of government-run hospitals of the kind that many Americans associate with socialised medicine in Europe. America did come close to introducing something like universal health care during the Vietnam war, when once again large numbers of men were being drafted. Richard Nixon proposed a comprehensive health-insurance plan to Congress in 1974. But for Watergate, he might have succeeded.
Lies, Damned Lies, and NYT Statistics | Jay P. Greene’s Blog Earlier this month, Max Eden and I showed how three separate data sets employing three different methodologies all reached the same conclusion: Detroit’s charter schools are significantly outperforming Detroit’s district schools. So how did the New York Times come to paint such a different narrative?
Debating Whether Dodd-Frank Is Worth Saving – Bloomberg View It seems Dodd-Frank has lowered bank-charter values, and thus pushed them closer to insolvency. It also seems likely that Dodd-Frank has made mortgage lending more expensive, thereby slowing the economic recovery and also poisoning the political climate. Those are some pretty significant costs. As for the rest, we mostly don’t know. For instance, bringing derivatives into exchanges, one of the examples you mention, might be putting too much pressure on clearinghouses and creating a new class of too-big-to-fail institutions.