Roy Cordato

Senior Economist Emeritus

Posts by Roy Cordato (page 2)

  • What actual Medicare for all would mean

    This morning I heard a commentator refer to Medicare for All (MFA), a plan supported by many Democrats in Congress, as a system with no premiums and no co-pays. And the fact is that this is probably what most people, especially younger people who are not actually on Medicare, think…
    Roy Cordato, January 24, 2019
  • The Case Against “Price Gouging” Laws–Lessons Never Learned

    A year ago on August 27th, 2017, I posted the following in this space. The story never gets old (unfortunately). This is an excerpt from two different sections of North Carolina’s Price Control Laws: Harming Those They are Meant to Help, a monograph that I wrote for the Locke Foundation over…
    Roy Cordato, September 11, 2018
  • Did Adam Smith believe people are strictly self interested profit maximizers?

    From his neglected, especially among economists, Theory of Moral Sentiments: Nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren. She taught him to feel pleasure in their favorable, and pain in their unfavorable regard. She rendered…
    Roy Cordato, August 22, 2018
  • From Facebook: Meteorologist/climatologist, Dr. Roy Spencer, reports on the latest heat wave

    “Heat wave” update: here’s the month of July so far (July 1-4). Notice that the unseasonably cool areas cancel out the warm areas. So why all the heat wave news? Because the heat just happens to be where a lot of people live. In our business this is what we…
    Roy Cordato, July 5, 2018
  • Open letter to the president on the negative impact of trade deficits

    Dear Mr. Trump: There has not been a day that has gone by recently where you haven’t pointed to large dollar trade deficits (i.e. goods and services surpluses) that the US has with other countries like China, as a major reason why you are pursuing protectionist trade policies that punish…
    Roy Cordato, April 4, 2018
  • Trade War

    What is being referred to as a “trade war” in the media and by the President is not a trade war at all, but an anti-trade war. If the expression “trade war” has any meaning it refers to the battle among businesses that goes on every day for the hearts,…
    Roy Cordato, March 5, 2018
  • Economic Idiocy Never Goes out of Style

    Yesterday President Trump announced that he would be placing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. The main argument that the administration is using for arranging this wealth transfer from American consumers to the steel and aluminum industries is that imports and…
    Roy Cordato, March 2, 2018