Professor Hoppe on Socialized Health Care

“With the socialization of the health care system through institutions such as Medicaid and Medicare and the regulation of the insurance industry (by restricting an insurer’s right of refusal: to exclude any individual risk as uninsurable, and discriminate freely, according to actuarial methods, between different group risks) a monstrous machinery of wealth and income redistribution at the expense of responsible individuals and low-risk groups in favor of irresponsible actors and high-risk groups has been put in motion.”

The Bubble

Congratulations to Jimmy Morrison who has written and produced The Bubble a film on our view of the financial crisis. The trailer premiered last Friday at Freedom Fest in Las Vegas. The inspiration for the film, Tom Woods, then moderated a panel discussion on the crisis which included David Tice, Peter Schiff, Doug Casey, and Gene Epstein.