Wednesday, November 12, 2014

#Grubergate : anticipated on the last page of "Side Effects: The Economic Consequences of the Health Reform"

Long before the Gruber video went viral, I had heard the general sentiment. It is NOT a universal sentiment in my field, but prevalent enough that I knew that it had to be addressed in a prominent location. From the last page of my ebook, completed in May 2014:

The book was also written to show that economics did not, and does not, have to be ignored or superficially considered at the policymaking stage.
...Political pragmatists may claim that it is sometimes necessary to ignore economic consequences to support a worthy effort. Even without its pessimistic assessment of the ability of voters to receive information, this argument has been contradicted many times in history when unintended consequences overwhelmed promised benefits.

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