Some Links

My Mercatus Center colleague Charles Blahous surveys six ways that Paul Krugman is wrong about the financial burdens of Medicare (and of the ACA). A slice:

Dr. Krugman’s column states in one place, “health spending began moderating after the passage of the ACA.” This is incorrect. The health spending slowdown began several years prior to the ACA’s 2010 passage (see CRFB’s “Exhibit 2”).

Dr. Krugman’s phrasing also lends itself to the misreading that the ACA is a primary reason for recent spending moderation. The CMS actuaries find, to the contrary, that the ACA’s effect has been on balance to slightly increase national health spending.

Over at Marginal Revolution, Tyler Cowen points us to an interesting new paper on business cycles by Nir Jaimovich, Sergio Rebelo, and Arlene Wong.

Jason Brennan and Peter Jaworski discuss the theme of their new book, Markets without Limits.

John McGinnis gives two cheers for large corporations.

Writing in the pages of the New York Times, James Pethokoukis questions the assertion that the gig economy and other relatively recent developments are making American workers miserable.

George Selgin reminds us of a prescient early critic of the Fed.