Daily Archives: October 30, 2009

Michael Cannon at Cato draws my attention to these posts by Donald Marron, a former CBO director, on the confusion surrounding recent estimates of the cost of the health reform bills. (A good place to start in fact is this earlier post by Marron, which sets out the various definitions of “cost”.) The president has promised that reform will not cost more than $1 trillion over ten years. The new House bill, on the definition used up to now, breaches that limit: therefore, its proponents adopted a different definition and at least to begin with almost everybody bought it. See also this piece from the NYT’s health policy blog.

Adair Turner of the UK Financial Services Authority gave a very good speech on the causes and implications of the financial crisis yesterday in Washington. The event was hosted by National Journal and the Economic Club of America. Video here for National Journal subscribers. Transcript here.

The speech drew on a new FSA discussion paper, prepared for a conference in London on Monday: well worth reading. I think I have already recommended this earlier discussion paper, which I still think gives one of the best overviews of the entire shambles.

Clive Crook’s blog

This blog is no longer updated but it remains open as an archive.

I have been the FT's Washington columnist since April 2007. I moved from Britain to the US in 2005 to write for the Atlantic Monthly and the National Journal after 20 years working at the Economist, most recently as deputy editor. I write mainly about the intersection of politics and economics.

Clive Crook’s blog: A guide

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