Nov 12, 2019
The inconsistencies between Clausing 1.0 and Clausing 2.0 are indicative of an economics profession that has eschewed its own humble insights.
Riving a Reagan era proposal, Senator Lamar Alexander (R-Tenn.) has proposed a grand swap: give all of Medicaid (including full funding responsibilities) to the feds; in exchange, wipe out all federal education funding. As described in The Upside-Down Constitution, a very similar swap proposal foundered in the Reagan era on the resolute opposition of the states and intergovernmental lobbies. Here’s to hoping that Senator Alexander’s proposal will receive a more favorable and constructive reaction this time around.
The inconsistencies between Clausing 1.0 and Clausing 2.0 are indicative of an economics profession that has eschewed its own humble insights.