Letter from America
America's Health Care War
After seven years of bitter Republican complaints about Obamacare, they finally had the opportunity to fulfil their promises to repeal and replace the law. This made their failure to do so all the more embarrassing. Jacob S. Hacker details what went wrong for Republicans and why their loss was America's gain. He also looks ahead to the next evolution of the American health care system.
Quote of the Month
“Rather than an innovation gap, the EU suffers from a diffusion gap, which is echoed in a number of widening divides: between cities and rural areas; between leading and lagging countries; between frontier, laggard and even 'zombie' firms; between richer and poorer individuals; and between technology-savvy and less e-skilled end users and businesses.”
from Andrea Renda's Forum article "Will the DSM Strategy Spur Innovation?"
From the Archives
Will the Politics or Economics of Deflation Prove More Harmful?
In his 2015 Letter from America, Mark Blyth explained how continued deflation would lead to a decline of the political centre and why this would be "bad for the EMU project and all that flows from it". Blyth sees the anti-creditor, anti-market populist movements that have arisen since the crisis as threats not only to macroeconomic stability but to the "very idea of Europe".