Leave a Comment

What you don't know can hurt you
Political Animal — ... today, "The drug and medical-device industries are mobilizing to gut a provision in the stimulus bill that would spend $1.1 billion on research comparing medical treatments, portraying it as the first step to government rationing." Now, you may read this and wonder what's so bad about research comparing the efficacy of medical treatments. Paul Krugman, who called the push to gut the provision "truly vile" and "really unbelievable," added , "Because freedom is all about laying out vast sums on medical treatments without knowing whether they're actually doing any good." But ...

Economic Potpourri
The Agonist - thoughtful, global, timely — Why Obama’s new Tarp will fail to rescue the banks — Martin Wolf Recession? No, It's a D-process, and It Will Be Long — Ray Dalio Tax cuts vs. government spending — Freakonomics New Thinking on the Economy — Dean Baker Acronyms — Krugman (short) Ignorance is bliss — Krugman (short) The Rorshach Plan — Krugman

Krugman Weighs In vs Medical Industry War On Knowledge
Open Left - Front Page — ... program, since other countries have significantly more people 65 or older.  Rather, the high costs come from an underlying wasteful and inefficient health care system. Now Paul Krugman has something to say related to that, which should really get you steamed.  It seems that the industries running up those costs don't want us to know whether they're doing any good.  Knowledge leads to socialism, don'tcha know!  (Actually, that's sorta true, but....) Krugman: This is really unbelievable: The drug and ...