Miles Kimball and Noah Smith on Balancing the Budget in the Long Run

Not surprisingly, a lot of our discussion ends up revolving around health care.

Update: Matt Yglesias, Stephen Bronars, Matt Stambaugh, Tyler Cowen, Modeled Behavior and Jason Becker joined the part of the debate about health care, and I flagged John Cochrane’s excellent suggestions about health insurance. Noah and I also flagged articles about Japan’s current situation, which gives a flavor of the future budget issues the U.S. faces.