Capital Commerce


August 2009


One Way To Reduce Healthcare Costs From Obesity

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UPDATED 09/01/2009: Well as anyone who has read this has noticed, I misinterpreted this study pretty badly. The study actually found that higher wages had the REVERSE effect than that I suggested: they encourage grazing because their time becomes more valuable, and they don't dedicate time to ...

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Obama Wants More Bernanke

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President Obama has announced today that he will nominate Ben Bernanke for a second term. That news surely has disappointed critics of both Bernanke and Alan Greenspan—critics who want a Fed chairman more skeptical of free markets. But, in terms of avoiding a future financial crisis, how much would ...

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Whither Joe The Plumber?

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Here's one good job to have in a recession: conservative economic populist. I don't know how many people remember the strange phenomenon of "Joe the Plumber" from a year ago, but I can never forget him.  A post I wrote partially defending Joe Wurzelbacher (but not agreeing with his political ...

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How Recessions Can Help

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Recessions usually mean more creation of start-up businesses.  When people get laid off, they often use their unemployment as an opportunity to start the business they always dreamed about—or, because the job market is so bad, they have no choice but to become entrepreneurs.

But more businesses ...

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Did Cash For Clunkers Work?

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At Slate's Big Money, Matthew DeBord declares that cash-for-clunkers (and the broader auto bailout) is victorious:

The U.S. industrial economy is moving again. Workers are going back to work. Consumers are able to buy large and expensive forms of personal transportation, into which they will put ...

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The Betting Odds On The Public Option

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The big political question on everyone's minds around the country, but especially in Washington, is "Is the public option dead?" A cursory read of newspaper headlines might suggest that it is indeed dead, but others say not much has changed and the administration is still pursuing it.

Amidst all ...

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The Anti-Greenspan

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I've recently been thinking out loud: If Greenspan couldn't run the Fed without making critical mistakes, who could? Yesterday at Real Clear Markets, Dani Rodrik of Harvard provided at least some answer. He says the next Fed chairman must not be like Greenspan and believe that "what is good for ...

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Do We Need Obamacare To Cover The Uninsured?

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Amidst the emotions and furor in these town hall meetings on healthcare, might there actually be some worthwhile, substantive discussions about how to reform the system? I haven't found any, but I can extrapolate from this moment in Obama's town-hall meeting in New Hampshire. The Journal reports:

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Immigration Reform On The Backburner

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The big political news today is that the president won't be doing anything with immigration reform until early next year at the earliest.

It's interesting that immigration is the issue that can wait, while the administration has sold infrastructure spending, auto company bailouts, healthcare reform,

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Why Obama Will Have To Break Promises

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Clive Crook writes in the FT today about why, despite campaign promises to the contrary, Obama will have to raise taxes on the middle-class at some point:

So the administration’s options are limited. The fiscal gap is so big that closing it will be literally impossible without either broadening the ...

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Obama In Indiana: Pork-Free At Last?

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Here's Obama on his stimulus plan in his speech yesterday in Wakarusa, Indiana:

But before we can rebuild our economy for tomorrow, we have to rescue it today. Now, that's why we passed a Recovery Act less than one month after I took office –- and we did so without any of the earmarks or ...

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Pethokoukis: 'Ron Paul's Dumb Plan'

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Since I've given Ron Paul a platform to speak the merits of auditing the Fed, I think it's only fair for me to link to former Cap Com blogger Jimmy P's article on why he thinks Paul's bill could damage the economy. Here's one of the key points:

Even if the result of the Fed bill is only more ...

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More Cash For Clunkers Likely

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So I could not have been more wrong about my prediction that car consumers might not warm up to the "cash-for-clunkers" program.  By almost all accounts, the program has been a massive hit. Two billion dollars spent and over 200,000 cars bought are impressive statistics.

But we know how ...

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