Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Category: Economics

Trump’s Crummy Coal Bargain

The Trump administration has decided to reverse Obama-era coal regulations, increasing carbon emissions by a factor of 12 over the next decade. We all know that the Trump administration doesn’t believe in climate change, but what’s remarkable about the administration’s decision is that it’s incredibly bad value for money even on its own terms.

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The Left Wing Argument for Keeping Northern Ireland in the UK

As Britain marches ever closer to its date with Brexit destiny, I hear some people arguing that Brexit could lead to Irish reunification and that this would be a good thing. But if you evaluate the arrangement Northern Ireland has with the UK, it’s clear that it is in the material interest of the North Irish to remain. The UK gives Northern Ireland a very good deal, and it is highly unlikely that the Republic of Ireland would be able to offer a competitive package.

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Why It’s Hard to Calculate the Cost of Single Payer in the United States

Lately there has been some back and forth in the states over the expected cost of single payer healthcare. There is a lot of disagreement over how much single payer will cost because single payer grants the state a monopoly over the healthcare system. This means that the state can dictate how much it is going to pay its doctors, its administrators, its nurses, its drug and equipment manufacturers, and so on. Because the state can dictate the cost of single payer, the true cost of the proposal depends on how much the particular people implementing the proposal intend to spend.

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Comparing Keynesian Neocorporatism and Market Socialism

There is a lot of fuzziness and misunderstanding about what the left is trying to do, economically. A while back, I discussed some of the things which distinguish postwar liberals–who remain committed to reforming capitalism–from democratic socialists, who seek to one day abolish capitalism outright. Today I want to get into a bit more detail and discuss more precisely how these economic models work. The case I want to make to you is that despite what you may hear, the postwar liberals and democratic socialists have more overlap in their proposals than either side realises.

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Why Italy is in Trouble

Italy finally has a coalition government–consisting largely of Lega Nord and the Five Star Movement, two Euroskeptic populist parties. The new coalition was elected to take Italy in a new direction, but this will prove difficult to do. Italy is a great example of what’s gone wrong in Europe. Let me tell you its story…

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