The Monday Morning Teaser

This week’s featured article will be a look at William Baumol’s recent book The Cost Disease, which presents a unique point of view on the country’s long-term fiscal problem: It may not be a problem.

In other words, what if the exponential growth in medical expenses that drives the long-term exponential growth in government spending is just the ordinary course of affairs in an economy with growing productivity? What if medical spending isn’t squeezing out other consumption, but instead our ability to make everything else with less labor is leaving more space in our economy for health care?

Also worth attention this week: The resemblance between Ted Cruz and Joe McCarthy might be more than just a trick of the camera angle. Why there’s no White History Month. Fascinating new stuff about dolphin communication. The NRA thinks it has found a wedge issue. And you have no idea just how far out there the discussions on right-wing talk radio are getting.

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