Angus Deaton wins nobel prize in economics

You can find the Nobel website press release here: The work for which Deaton is now being honored revolves around three central questions: How do consumers distribute their spending among different goods?Answering this question is not only necessary for explaining and forecasting actual consumption patterns, but also crucial in evaluating how policy reforms, like changes…

The Purple Health Plan

The Purple Health Plan is supposed to be a “moderate” plan for health reform–purple is after all a mix of red and blue.  The plan is endorsed by five Nobel laureates.  So what is the Purple Health Plan? Key provisions of the plan include the following: All Americans receive a voucher each year to purchase a…