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Monthly Archives: January 2009
Politicians are often tempted to think that a policy to help one goal, say air quality, must also help lots of other goals, say economic growth. Economists are more likely to presume tradeoffs, and to use the principle of targets and instruments. That principle says that you cannot expect to hit more than one bird with one […] Continue reading
I am sometimes asked, “Okay, we know that most of the economy is in the tank. But what are one or two sectors where you see potential for growth in 2009?” The conventional response would be “green technologies.” But another sector occurs to me: Intensive Care Units.
January 1 brought a new year, but January 20 […] Continue reading