The Royal Swedish Academy of Sciences will award the 2019 Nobel Prize in Economic Sciences to Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard “for their experimental approach to alleviating global poverty.” The award reveals a deepening fault line among economists about how best to fight poverty.
The fall issue of Hoover Digest is now available online. The journal focuses on topics both classical—the economy, personal freedom, the role of government—and timely, such as cybersecurity, terrorism, and geopolitical shifts.
Social Security is projected to consume an ever-larger share of America’s national income, mostly thanks to an aging population. Indeed, demographic change is why the program is bankrupt, with an inflation-adjusted cash-flow deficit of more than $42 trillion.
Medicare for All is the left’s newest branding strategy for socialized medicine in the United States. Promoted by several Democratic presidential candidates and introduced by Senator Bernie Sanders of Vermont, its backers say it would improve the cost and quality of health care in America.
The government-run health care program supported by Bernie Sanders, Elizabeth Warren and a bunch of other Democrats would give every American regular access to doctors and hospitals. Problem is, there wouldn’t be enough of either.
The Working Group on Health Care Policy devises public policies that enable more Americans to get better value for their health care dollar and foster appropriate innovations that will extend and improve life.