Economics 101: Anyone got a spare $4,951 laying around?

From CNNMoney: 5 stocks to buy in 2017 by Heather Long | @byHeatherLong | December 28, 2016: 11:33 AM ET As the world prepares to welcome 2017, investors are asking, “What now?” The stock market is at record highs. The Dow is nearly at an eye-popping level of 20,000. This bull market is the second …

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Economics 101: You can’t add millions of people who could not afford health insurance to the insurance rolls and not increase costs dramatically We told you that this would happen

Somehow, I am not at all surprised. Pennsylvania approves sharp increases for Obamacare plans By Wes Venteicher | Monday, Oct. 17, 2016, 3:21 p.m. The Pennsylvania Insurance Department on Monday approved monthly premium increases of up to 55 percent for health insurance plans sold on the Affordable Care Act’s online marketplace in the state. Calling …

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Economics 101: When more low-skilled refugees are accepted, more low-skilled Americans see their wages decrease

We asked previously why we should bring in 110,000 Syrian refugees when we already have a too-high U-6 unemployment rate. Now this from The Wall Street Journal: What Happens to Wages When Refugees Arrive? More Than You Might Think An influx of refugees can hurt the economic prospects of natives with similar skills, but benefit …

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Brexit: it hasn’t been a bad thing!

From The Wall Street Journal: Pound’s Pounding Helped U.K. Absorb Brexit Shock There is a silver lining to the beating sterling has taken in recent days By Jon Sindreu and Christopher Whittall | Updated October 10, 2016 10:13 a.m. ET When the U.K. voted to leave the European Union in June, the pound took its …

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Why Federal Reserve policy is failing They don't succeed because they can't succeed

We said yesterday that it’s better if the government quits trying to ‘direct’ the economy. Today, from The Wall Street Journal: Central Bank Tools Are Losing Their Edge Central banks have shown the will to hit their growth and inflation targets. But do they have the way? By Greg Ip | September 21, 2016 7:52 …

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Most economists oppose President Trump’s immigration policies

Heather Long tweeted: Over 200 economists disagree with Trump on immigration, NAFTA and the debt, according to @business_econ survey https://t.co/AOgvIItBU2 — Heather Long (@byHeatherLong) March 6, 2017 To which I responded: Would those be the same economists who predicted a stock market decline if Trump won? https://t.co/be9JYutNZv https://t.co/E2Jaypbxi1 — Dana Pico (@Dana_TFSJ) March 6, 2017 …

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President Trump’s first week: his supporters are happy, the left are not

From The New York Times: Trump Backers Like His First Draft of a New America By Jack Healy | January 27, 2017 MOUNT GILEAD, Ohio — The challenge Annette Cottrell pondered was how to grade President Trump’s stormy first full week on the job. A trade war bubbling up with Mexico. A divisive border wall. …

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Breaking a promise? Donald Trump hasn't yet, but he has opened the door

From The Wall Street Journal: In WSJ Interview, Trump Says He Is Willing to Keep Parts of Health Law President-elect hints at possible compromise after vows to repeal the Affordable Care Act By Monica Langley and Gerard Baker | Updated Nov. 11, 2016 5:53 p.m. ET NEW YORK—President-elect Donald Trump said he would consider leaving …

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Obama Administration Expects Robust Open Enrollment Under Affordable Care Act They have established the benchmark by which to judge them

From The Wall Street Journal: Obama Administration Expects Robust Open Enrollment Under ACA Health and Human Services expects 13.8 million to select plan on Affordable Care Act exchanges By Stephanie Armour | Updated Oct. 19, 2016 12:22 p.m. ET WASHINGTON—The Obama administration said Wednesday it expects 13.8 million people to select a health plan on …

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