Though U.S. legislation targeting the problem of surprise medical bills advanced out of key congressional committees in 2019 with support from leaders in both parties, Congress ultimately failed to pass a law to end such bills.
Erin Fuse Brown is an associate professor of law at Georgia State University. Stephen Morrissey, the interviewer, is the Executive Managing Editor of the Journal.
Dr. Paul Krugman is a Nobel Prize-Winning economist, and a regular commentator for the New York Times. Though academically recognised for his contributions to international trade theory, he writes about a wide range of economic issues, and is well known for making economic theory accessible to non-academics through his columns and numerous popular books. A liberal, Dr. Krugman is a fierce opponent of the modern Republican party, though he previously served as an economic advisor in Reagan’s White House.
ABOUT THE OXFORD UNION SOCIETY: The Oxford Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.
In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.
Lecture 1.1: The Nature of Economics
Lecture 1.2: Five Reasons Why Economics Is Political
He became one of the most unpopular Fed chairmen in history for pushing interest rates as high as 20% to break the soaring inflation that consumed the U.S. economy in the 1970s. But his actions succeeded in bringing inflation, making Mr. Volcker one of the most successful central bankers in history.
Paul Volcker, who defeated runaway inflation as Federal Reserve chairman in the 1980s, establishing the importance to the economy of an independent central bank, and whose “Volcker Rule” became a controversial element of postcrisis banking regulation in the Obama administration, has died at 92 years old.
Mr. Volcker died Sunday at his home following a long illness, his family said.
Mr. Volcker served in government across Democratic and Republican administrations for almost three decades in roles guiding monetary policy and overseeing the nation’s financial system.
Shoppers have to use a debit card at the door to gain entry to the store. Then they can shop for products and just walk out. Upon exit, customers can verify their purchases against the receipt. No cash is accepted.
“This speaks to the original design thinking behind NanoStore: to make a plug-and-play modular store so it can be easily placed and moved where people need it the most,”
Albert Heijn first unveiled the fully digital store under its AH To Go name in September at its headquarters in Zaandam in the Netherlands, where it was open only to employees. The move to Schiphol Airport gives the company an opportunity to pilot the technology with consumers in a highly trafficked area.
As digital payments become the norm, will there be a need for cash? The Economist’s Finance editor Helen Joyce takes a look behind the scenes of the future, from Sweden to Shanghai. She explores how digital payments will transform the economy, and how they risk leaving some people behind.