Who Can Replace Larry Summers?
Liveblogging World War II: September 23, 1940

The Final Question I Asked in Today's Econ 1 Lecture

What is the most likely outcome for the U.S. budget come 2060? 1. We will have raised taxes to pay for government health spending. 2. We will have cut doctors' wages and enslaved them by drafting them into a socialist national health service. 3. We will have abandoned our commitment to providing state-of-the-art health care to the sick and not just the wealthy. 4. The health care fairy will have figured out a way for us all to have all the medically-appropriate care we need for a surprisingly low private and public budgetary cost. 5. The federal government as we know it will have collapsed, and those of us still alive will be starring involuntarily in a remake of “Mad Max: Beyond Thunderdome”.

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