Government intervention causes iatrogenics — unintended negative consequences that hurt the very people they’re intended to help. Nowhere is this better exemplified than with Obamacare, a policy intended to bring insurance to all that has in effect taken it away from many. This paradox can be applied to other policy arenas as well.
Sweden, once the crown jewel of the welfare state, took the road less traveled, and emerged as a financially sound economy, and an example of the economic growth possible with free markets. The country’s financial strength and its ability to resist a global recession are due to the long-term rolling back of the expansive welfare that Keynesians so often praise.
The prospects for an unwinding of the Fed’s bloated balance sheet without even more damage to the economy and a return to a more reasonable rules-based monetary policy, are significantly diminished under a Yellen-led Fed. It is time, not to restore a rules-based policy, but to denationalize money.
The singular brilliance of the debt ceiling is that it keeps reminding everyone that there is a growing national debt that never seems to shrink. That is a tremendous service to American citizens who live in the dark regarding the borrowing machinations of their political overlords.
The only way to provide good medical services at a reasonable cost is to bring back market pricing. We need the market not only to get supply and demand back into balance, but also to decide what exactly will be supplied. When was the last time that anyone saw a normal market price in medicine?
The focus of Dallas Buyers Club is on the crony-capitalist relationship that exists among the American health care system, the pharmaceutical companies, and the FDA. The monopoly power that results from this union is used to stifle a person’s right to consume what he wants and treat himself as he sees fit.
Peter G. Klein answers a viewer's question, and explains how salary caps are price controls.
Today is the 80th anniversary of the Repeal of Alcohol Prohibition in 1933.
This variety of Cannabis sativa has a low or undetectable concentration of THC and does not produce a “high” or have any known medical uses.
Nafta is a big business trade deal. It is part of a long campaign to integrate and cartelize government in order to entrench the interventionist mixed economy.
