Sunday, March 29, 2009

Health care

Health care would be less expensive if everyone were covered. But reducing costs while increasing access are irreconcilable issues.


The truth about what "universal" coverage really means: Runaway costs followed by price controls and bureaucratic rationing.

Thursday, March 26, 2009

Government interference in the banking sector

In the absence of central bank control over the banking system, competition between private banks in the market would tend to limit credit expansion (and thus remove the source of the business cycle aberrations).

"Government interference" in the banking sector is responsible for credit expansion.

The US is repeating mistakes from the 1930s, such as wide-ranging stimuluses,
protectionist tendencies and appeals, the Buy American campaign, and so on

Great Depression was caused by too much spending, rather than too little.

Friday, March 13, 2009

Stimulus bill.

The economics don't matter, because the real political purpose of the bill is to neutralize this issue until the economy recovers on its own. Much of its spending is a massive cash transfer to the party's union constituencies; a percentage of that cash will flow back into the 2010 congressional races. The bill in great part is a Trojan horse of Democratic policies not related to anyone's model of economic stimulus.