Talking Points Alert: Lane Kenworthy's great graph about relative healthcare spending and outcomes.

Via Brad DeLong.  Link to the original article.

From Kenworthy:

Here’s a better way to compare. This chart shows trends in life expectancy by trends in health spending from 1970 to 2008:

On the Asymmetric Response to Inflation Data.

Headline CPI has fallen by .2%. OMG!  Its the Great Depression all over again! Sell all your gold!  The Fed needs to print more money!

I expect to hear from John Cochrane today that we should raise taxes to avoid the clearly inevitable deflationary spiral about to grip the nation.