So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Hereโs what you need to know: this is good, not bad, news for the program... Lots of people logging on and signing up on the very first day... is an early indication that itโs going to be fine, that plenty of people will sign up for the first year of health reform.
Paul KrugmanPeople respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job or may not try to find one as quickly as they would without the benefit.
Paul KrugmanMiddle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.
Paul KrugmanIn fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and - very much in third place - tax cuts.
Paul KrugmanThe key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.
Paul Krugman