Friday, June 26, 2015

Cowen On King

Naturally, there has been an enormous amount of commentary on the SCOTUS ruling yesterday salvaging the ObamaCare subsidies.

The quote I liked the best comes from economist Tyler Cowen:
I have not been a fan of Obamacare, which I consider to be a highly inefficient form of wealth insurance. Nonetheless, had this decision gone the other way at this point we would have ended up with something worse, or ended back at “Obamacare as know it,” but only after a lot of political stupidity and also painful media coverage. So on net I take this to be good news, although arguably it is bad news that it is good news.