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    • Rationality Is A Process, Not A Conclusion (Nuclear Weapons Edition)
      A lot of mistakes come from assuming rationality means “thinks the same way I do” rather than “reasons from premises I might not share.” Left than 1/1000 economists predicted the financial collapse, because they reasoned from assumptions like “the market is self-correcting” or “housing prices never go down.” (Sometimes both at the same time, which is rarely […]
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Health care reform the dollars and sense of it

[ An extended update to Health care: Bipartisanship in itself is not a goal (period) ]

Health care for a country as large as ours is going to cost a lot of money — no matter who’s paying the bills.  Right now, the burden rests almost entirely on individuals to either pay extortion high insurance premiums & all the deductibles and copays required to actually benefit from those payments.  But, many of us are hoping that with true government reform, those payments could be restructured in such a way that everyone in the country gains access to health care . . .  and none of us go broke getting it.

Ezra’s  hair is on fire but, why can’t he point out that we’ll pay much more than these estimates in ten years without reform?

Health reform is, I think it fair to say, in danger right now. The news out of the Senate Health, Education, Labor, and Pensions Committee was bad. The Congressional Budget Office had scored a partial bill and the result was a total fiasco. But the news out of the Finance Committee is much, much worse.

Put simply, the Finance Committee wanted its bill to cost $1 trillion over 10 years. The CBO returned an early estimate to the panel on Tuesday night: $1.6 trillion over 10 years. The specifics of the estimate have not been made public. But the final number changed everything. Max Baucus, the chairman of the committee, pushed markup back behind the July 4th recess. He has promised to get the bill below $1 trillion over 10 years.

That’s very dangerous.

“Very dangerous” — to say the least. Continue reading