Lives will continue to be lost in Kerr County, Texas if Texas’s political leadership and citizens believe river alarms will assure safety from flood waters that can rise dozens of feet in minutes in the middle of the night.

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.

Two "distinguished" healthcare analysts have examined the medical system in the USA and conclude that the REAL problem is . . . large hospitals. Dale Steinreich applies economic analysis to their claims.

Original Article: "Are Large Hospitals the Problem with US Healthcare?"
This Audio Mises Wire is generously sponsored by Christopher Condon.

Is the main problem with the US healthcare system that hospitals have gotten too large since the 1990s? That seems to be the remarkable conclusion of two of the nation’s most distinguished health-policy analysts, David Dranove and Lawton R. Burns. Dranove is an economist and Walter J. McNerney Distinguished Professor of Health Industry Management at the Kellogg School of Management at Northwestern University. Burns is a sociologist and James Joo-Jin Kim professor of health care management at the Wharton School at the University of Pennsylvania. Dranove and Burns’s joint effort, Big Med: Megaproviders and the High Cost of Health Care in America, purports to offer special insights into the pathologies of the American healthcare system via an interdisciplinary approach.
I. From Hospitals to