You never hear the term ‘price discrimination’ in the debate about restructuring U.S. health care financing, but it is a key issue. One manifestation of price discrimination is the recent news story about Scott Hawkins, a California State College-Sacramento student…
A true supply-side candidate is a rare commodity
It is obvious that many politicians who call themselves supply-siders really don’t understand what the term means. Gov. Tim Pawlenty, who is running hard for president — though not officially — apparently falls into that category. In a speech in…
Much-needed middlemen must be managed
As a boy, I heard people condemn ‘the middleman’ for low farm prices, but as an econ teacher, I appreciate the underappreciated functions middlemen perform for society. This is as true in financial services as it is in milling wheat…
Low interest hurting retirement accounts
Swooning stock markets are not the only threat to baby boomers’ retirements. Having just finished a periodic update of retirement income projections, it is clear my wife and I won’t be as flush in retirement as we had expected just…