Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free _Mother Jones Daily_. I don’t often agree with Tyler Cowen without reservation, but when he’s

right, he’s right: > The real fiscal problem is spending contraction at the state level > (expanding and contracting spending are not symmetric in their > effects; contracting spend

 hurts more than expanding spending > helps). The correct fiscal policy move would have been, and still > is, to take Medicaid away from the states and make it fully federal. > This

 would give state budgets a huge break, and help employment, yet > as a one-time change it reduces the moral hazard problems from > ongoing outright grants. Sign me up!