What if economists ran the White House?

Tuesday, December 02, 2008

An American president's economic advisers are arguably the most influential group of financial policymakers in the world. So why is that team so often free of high-regarded economists? "Freakonomics" co-author Stephen Dubner joins the program.
President-elect Barack Obama's team to take on this financial crisis (and federal financial policy) is a stark contrast to the outgoing administration. President Bush drew his policy makers from investment banks, a pharmaceutical company and an aluminum giant, among other non-academic institutions. Obama's team is a collection of high-regarded university economists. But what can we expect from that sort of expertise? "Freakonomics" co-author Stephen Dubner shares his answers, as well as those from people with experience in that position.

Guests:

Stephen J. Dubner

Comments [3]

ken wade

I just watched a video of the 'shoe guy' tossing Bush. The guy has a fantastic arm and I predict he'll either be a closer for the yankees or tossing TD's for the Giants.

Dec. 17 2008 08:45 AM
Rick Evans

Health Insurance Part 2 of 2

The activists and business interests influencing "health care reform" in the U.S. would have us increase the $2+ trillion medical slush fund by forcing the 47 million uninsured residents to pay into it. Experiences of the other OECD nations suggests we can spend less and cover all. However, this would require REAL shared sacrifice and not just mandating that every all uninsured taxpayers "get" health insurance.

To avoid an unnecessary visit to the ER I won't hold my breath waiting for REAL health care reform.

Dec. 02 2008 08:35 AM
Rick Evans

Health Insurance Part 1 of 2

How refreshing to hear Steven Dubner begin to pierce the myth that the uninsured are the drivers of health care inflation. During Massachusetts mandated health insurance law debate the uninsured were the rhetorical scapegoats blamed for health care inflation.

In any story about a new pricey drug or treatment, reporters always ask about insurance coverage. As more costly treatments are piled on health insurance by state mandate, coverage becomes costlier.

If your employer offers generous coverage how often has the H.R. department or your union reminded you to consume as much health care before the year's end.

There's also the favorite myth that it's the uninsured who delay treatment until their illness is expensive. However, it's become a common joke how men, including insured men, avoid doctors like the plague.

On average America spends double per person on health care what other OECD nations with universal coverage spend.

Dec. 02 2008 08:32 AM

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