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Category Archives: Economy
The Morality Of Capitalism
In an op-ed piece for the Washington Post, Steven Pearlstein suggests that the nation is caught up in a historic debate over free-market capitalism and poses the question: is capitalism moral? Pearlstein points out that over the last thirty years, the experiment with communism has been “thoroughly … Continue reading
Posted in Economy, Politics
Tagged antitrust, big government, capitalism, competition, current events, free markets, liberal mind, morality, Steven Pearlstein
1 Comment
Story Of The Bill
The reaction over the proposal by Cyprus to tax the savings deposits of the country’s banks is pretty amusing. Evidently, many people think the proposal is shocking, but how shocking is it really? Don’t people understand that at some point, … Continue reading
Demand Competition In Healthcare
Wise Boy (aka Ezra Klein) and other members of the Big Government priesthood often claim there is no evidence that competition can control healthcare costs. Although it’s true that many healthcare markets may be less competitive than they should be, … Continue reading
Posted in Economy, Healthcare, Politics
Tagged antitrust, big government, central planning, competition, ezra klein, liberal mind, price controls, self government
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Raising The Medicare Eligibility Age Would Not Increase Costs
In Medicare discussions, the suggestion arises from time to time that we could reduce federal spending by raising the Medicare eligibility age, for example, from 65 to 67. The popular liberal response (see e.g., this Kaiser Family Foundation report) is that raising Medicare’s eligibility age actually … Continue reading
Posted in Economy, Healthcare, Politics
Tagged budget deficit, health insurance, healthcare reform, Medicare
2 Comments
More Medicare Is Not The Answer
Matthew Yglesias is again misrepresenting Medicare, advocating that more of it is the answer to high healthcare prices. As Steven Brill has pointed out, tightening the antitrust laws is the real answer to the problem (although Brill may not really believe his own … Continue reading
Posted in Economy, Healthcare, Politics
Tagged big government, central planning, liberal mind, Matthew Yglesias, ObamaCare
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Break Up The Big Hospitals
In his Time magazine cover story, Steven Brill criticized the prices that M.D. Anderson Cancer Center in Houston charges patients. In an op-ed piece appearing in the Wash-ington Post, a couple of the hospital’s doctors step forward evidently to defend their employer against Brill’s criticism. And no … Continue reading
Posted in Economy, Healthcare, Politics
Tagged antitrust, central planning, price controls
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Healthcare Prices
In his lengthy cover article for Time magazine, Steven Brill argues that the first question in the healthcare policy debate should be “why are the bills so high,” rather than blowing past that issue to ask who should pay. Most of his … Continue reading
Posted in Economy, Healthcare, Politics
Tagged antitrust, big government, competition, Matthew Yglesias, price controls, Steven Brill
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Collective Action Without Big Government
During his second inaugural speech, Obama called for more “collective action” on the part of the American people, and in the process, knocked down a straw man by which he implied that those who disagree with him cling to a theory of individual action that is … Continue reading
Posted in Economy, Healthcare, Politics
Tagged big government, collective action, current events, health insurance, ObamaCare, volunteerism
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Serving People
The Washington Post is reporting that Jay Rockefeller, senator from West Virginia, will not seek reelection after serving almost 30 years in that position. It surely has to be reckoned as a flaw of democracy when voters of a state or … Continue reading
Posted in Economy, Politics
Tagged big government, capitalism, collective action, economy, free markets, serving people
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Counterfactual Thinking
A recent Washington Post interview with economist Alan Blinder about his new book nicely illustrates liberal condescension. While discussing the effects of TARP and the stimulus bill, the Post’s reporter and Blinder questioned the reasoning ability of those who think that TARP and … Continue reading
Posted in Economy, Politics
Tagged counterfactual thinking, current events, liberal mind, liberals, stimulus spending, TARP
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