More on Repealing the Laws of Economics

Citations · 6

• “Insurers were prohibited from using forward-looking catastrophe models to set rates for wildfire risk... Regulations also prevented insurers from raising premiums to reflect increased reinsurance costs”

  p#13 · confidence 95%

• “By the time of the 2025 fires, fewer than a quarter of affected properties were insured against fire.”

  p#15 · confidence 95%

• “In fiscal year 2024, for example, the U.S. ran a deficit of roughly $1.8 trillion, or 6.4% of GDP, in a time of prosperity.”

  p#57 · confidence 95%

• “That year is 2035. At that point, either (a) benefit payments will have to be cut so that they equal tax receipts (and it's estimated that receipts will be sufficient to pay only 79% of the promised benefits)”

  p#66 · confidence 95%

• “As a result, only 8% of our non-farm jobs are in manufacturing today, down from about 30% in 1950.”

  p#44 · confidence 94%

• “Tariffs are, primarily, an effort to cause goods to be made domestically even when equivalent foreign goods are cheaper or better (or both)... That protects domestic industries and domestic workers, but at the expense of domestic consumers (and global welfare).”

  p#53 · confidence 93%