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H1N1 and you: the economics of pandemics in brief
October 27th, 2009As we enter this cold and flu season, there is a new virus on the loose: H1N1. Well, it is not that new. It has mutated in a way that has become a little more difficult to control in its spread. While Congress debates health care reform becoming universal as a panacea for escalating health [...]
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Part II of Prop 13: Political Markets
October 5th, 2009In Part II of my take on Proposition 13, I will discuss the market for politics in Sacramento and why the 2/3 vote on new taxes and the majority vote on expenditures leads to problems. The basic issue is simple. When legislators need to move expenditures forward with a majority vote, it only takes one [...]
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