links for 2010-06-27
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AF: "With a health spending problem like this–government health programs (Medicare+Medicaid) alone projected to gobble up 20% or more of GDP by late in the century–does anything else matter? No, except in political terms. The reason to fight about spending now is because the fight is really about something else (e.g. notions of liberty, ideological signaling, or political positioning). To actually solve the real long term problem requires a focus on health spending. Don’t sweat the rest."
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CR: "Note once again the impact of partnership liability — a negative incentive towards speculation — on banker behavior."
