Earlier this week I was a guest on Bob Harden’s radio show. Here’s the audio:
Writing at Marginal Revolution, my colleague Tyler Cowen offers his thoughts on the Greek government’s recent call for a referendum. Tyler isn’t impressed.
Larry Kudlow agrees with Casey Mulligan: Obamacare will destroy some jobs. A slice:
University of Chicago economist Casey Mulligan argues that Obamacare disincentives will reduce full-time equivalent workers by about 4 million principally because it phases out health-insurance subsidies as worker income increases. In other words, Obamacare is a tax on full-time work. After-tax, people working part time yield more disposable income than working full time.
Mr. Mulligan calculates that both explicit and implicit marginal tax rates within Obamacare may rise to near 50% as the law discourages those who attempt to climb the ladder of success. National prosperity and economic growth are again the victims.
If all that weren’t bad enough, Obamacare enrollment is coming up short while the program is unable to sustain an adequate risk pool. Expert health-insurance analyst Robert Laszewski and the consulting firm Avalere find that exchanges are succeeding in enrolling low-income individuals, but are struggling to attract middle- and higher-income enrollees.
Cal State Northridge economist Robert Krol asks if governments impede innovation in transportation.
The Institute for Justice continues to raise eyebrows with its work that is both good and successful.
