On July 31, I published a study with the Mercatus Center at George Mason University estimating the added costs to the federal government of establishing a national single-payer healthcare system. That study presented a lower-bound estimate of $32.6 trillion in added federal costs over the first 10 years of full implementation, with the caveats that this estimate reflected several extremely favorable assumptions, and that actual costs were likely to be substantially higher.
The U.S. economy certainly appears as if it is in an ideal place: unemployment is at its lowest in nearly half a century, and the number of people voluntarily leaving jobs to find new ones, an indicator of their confidence in the economy, is at a 20-year high. Economic growth this year is likely to be around 3 percent, more than what most economists think the economy is capable of in the medium term. Inflation is moderate.
Voter turnout in the United States is among the lowest in the world. In the 2014 midterm elections, 33 percent of the voting-age population voted, setting the record for the lowest turnout in any national election of any advanced democracy (except Andorra) since 1945. There are many reasons so few Americans vote, but among them is that the United States is one of the few countries that holds elections on a workday.
We are at a critical juncture. The central challenge is to create a new, co-operative international order for a world that has changed irreversibly: one that is more multipolar, more decentralised in decision-making, and yet more interconnected. We otherwise face the prospect of fragmentation, and the steady weakening of our capacity to respond to the national and collective challenges of the future.
During the hearings on the nomination of Justice Kavanaugh, the Democrats’ vile tactics and lust for power were widely exposed. Though Kavanaugh’s confirmation thwarted the Dems aggression, that victory should be the catalyst for a wholesale rejection of the leftist and identity politics narratives that too many Republicans accept and even practice. The first step to recovering our political health is to purge our public discourse of the illiberal and ideologically loaded ideas, and the language that assumes they are the moral norm.
My wife and I went to see Crazy Rich Asians last week and I liked it a lot. I’ve been thinking about why. The 2 main reasons are personal, the second one of which involves economics. The two things I didn’t like, but they were minor, were economic in nature.
On the evening of Oct. 9, the Confucius Institute at Webster University and the World Affairs Council of St. Louis co-hosted the nationwide CHINA Town Hall event, which featured a webcast with former Secretary of State and National Security Advisor Condoleezza Rice.
"The future of the Democratic Party is the working class," proclaimed Alexandria Ocasio-Cortez at a recent Los Angeles fundraiser. Ocasio-Cortez is the new darling of the democratic socialist movement, which is seeing a resurgence. She stunned the Democratic Party establishment with a primary victory over long-time incumbent Joe Crowley in New York's 14th Congressional District last summer. But there are other candidates making strong showings against mainstream competitors.
Chuck Schumer declared this week that health care is the issue that will define the November elections, and the Senate Minority Leader may be right for the wrong reason. Democrats could end up paying a big political price for signing up en masse for Bernie Sanders’s government-run health-care agenda.