Preview Mode Links will not work in preview mode

Dec 6, 2017

Economist Paul Krugman is well-known for his pro-Democrat stances. Recently, he's claimed that the Congressional Budget Office (CBO) has said that if the Individual Mandate portion of the Affordable Care Act, often called Obamacare, is repealed, 22 million Americans will "lose" their health insurance. What he doesn't say is that the vast majority of those 22 million people are simply opting out. They are _choosing_ not to have health insurance. But here's the problem with CBO forecasts: they're usually wrong. And they're wrong in almost the exact same way. Why are the CBO forecasts so bad? Why do they consistently get it wrong in such a consistent way? And what does this mean for our economy? James Harrigan and Antony Davies discuss this and more in this week's episode of Words and Numbers.

Quick hits


Emirates’ new 777

https://www.forbes.com/sites/ericrosen/2017/11/13/new-emirates-first-class-suites-on-777-300er-revealed-at-the-dubai-air-show/#13ce46a256b8

 

Curing disease by rewriting our DNA

https://www.goodnewsnetwork.org/first-scientists-try-edit-faulty-dna-inside-patients-body-cure-genetic-disease/

 

iHeart Radio:
https://www.wsj.com/articles/iheart-creditors-reject-another-offer-from-company-as-they-push-for-chapter-11-1512090362


Jeff Sessions on marijuana:
http://nymag.com/daily/intelligencer/2017/11/sessions-hints-at-a-coming-crackdown-on-recreational-weed.html

http://www.cnn.com/2017/11/29/politics/sessions-opioid-news-conference-marijuana/index.html

http://reason.com/blog/2017/10/26/sessions-continues-to-push-gateway-drug



Foolishness of the week

https://www.nytimes.com/2017/11/30/us/politics/republican-tax-bill-moves-closer-to-senate-passage.html

 


The CBO


https://www.forbes.com/sites/theapothecary/2017/07/22/cbo-three-fourths-of-coverage-difference-between-obamacare-gop-bills-driven-by-individual-mandate/#327a3b9e3627

 




Follow us on Twitter
https://twitter.com/JamesRHarrigan

https://twitter.com/AntonyDavies



Join the Words and Numbers Backstage FB group, where the conversation continues
https://www.facebook.com/groups/130029457649243/