One Reason U.S. Healthcare is So Expensive – Too Many Insurance Companies

A single-payor system of healthcare insurance such as Canada uses has tremendous efficiency advantages.  Contrary to how many U.S. politicians and media types describe it, Canada does not have a government-run healthcare system.  What Canada has is a government-run and government-funded healthcare insurance system.  Doctors and hospitals still compete with each other.  They still operate … Continue reading One Reason U.S. Healthcare is So Expensive – Too Many Insurance Companies

Tax Cuts and Economic Growth, Once More – the Corporate Tax Version

The issue of tax cuts and economic growth, which I've discussed recently here and here, looks like it's going to be an important topic for some time now judging by this week's announcement from Paul Ryan, one of the Republicans in the U.S. House of Representatives.  While all the attention in the media has been … Continue reading Tax Cuts and Economic Growth, Once More – the Corporate Tax Version

Public Sector Unions: U.S, Canada Compared

From Stephen Williamson (emphasis mine): One simple way to look at unions comes from Econ 101, where we just apply standard monopoly power arguments. Labor law gives workers the right to effectively act as a monopoly seller of labor. Result? The union drives up wages and extracts rent from the firm. But that argument goes … Continue reading Public Sector Unions: U.S, Canada Compared

More On Banking Regulation: How To Do It Right

If we are to avoid another crisis and melt-down of the banking/financial sector such as we had in 2008, then we must change the rules of the game.  There must be institutional change.  Canada avoided much of the financial crisis.  Why?  Well, part of it is regulation (something Canadians are more comfortable with than Americans) … Continue reading More On Banking Regulation: How To Do It Right