California has some of the strictest insurance regulations in the country. It is the only state where insurers are not allowed to base their rate hikes on catastrophe models — forward-looking calculations of risk — or the rising cost of reinsurance premiums, according to both Zimmerman and the Department of Insurance. Under current regulations, insurers are only […]

Econlib Blog

26.04.2024

Is nationalism bad for your health? - Econlib

In recent years, there has been increasing pressure to isolate the US from any sort of contact with the Chinese economy. The latest sector to be affected is healthcare, where there is a proposal to ban US drugmakers from contracting out various tasks to Chinese firms. Here’s The Economist: The knock-on effects for the Chinese […]

Econlib Blog

26.04.2024

How to Hobble the Fast-Food Industry and Fast-Food Jobs - Econlib

One of the ideas that economists are most sure of is that when the price of something rises, other than due to something that shifts the whole demand curve, the quantity demanded falls. Conversely, when the price of something falls, the quantity demanded increases. This is not controversial in economics. Moreover, it’s so clear that […]

Econlib Blog

26.04.2024

In Defense of Seeking the Truth - Econlib

There have been some interesting developments with NPR recently. A long time veteran of the organization, Uri Berliner, wrote an essay lamenting that the organization has gone from and admittingly left-leaning but still rigorous and fair journalistic enterprise to a politically driven monoculture that lets ideology drive its reporting. NPR, he says, no longer facilitates […]

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Great Moments in Denying Reality - Econlib

Is nationalism bad for your health? - Econlib

How to Hobble the Fast-Food Industry and Fast-Food Jobs - Econlib

In Defense of Seeking the Truth - Econlib

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