This piece at CNN Money falls into what is an entire sub-genre of business writing in which economists and business writers get together to explain why the latest development in government-induced market failure is not a problem at all.
[This article is excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith. An audio version of this Mises Daily, read by Jeff Riggenbach, is available as a free download.]
The WSJ re-posted an excerpt from Milton Friedman’s original article “A Way Out of Soviet-Style Health Care” a few days before the passage of the behemoth bill now known as ObamaCare. The mentality behind the legislation, of course, is hardly novel; attempts to insulate people from the costs of health care have been infecting public policy debates for as long as politicians have been deciding “public” policy.
From Stefan Molyneux’s post on the Mises forum:
The Freedomain Radio Book Club had a great discussion with Stephan about intellectual property which I thought you might enjoy…
The health care legislation passed by Congress today is a disgusting socialist and fascist bill, and a monstrous assault on human liberty and sound and truthful economic/financial analysis. Particularly disgusting is the underhanded procedural method used to pass the legislation, especially given the apparent significant, actually majority public opposition to the bill.
On his blog, IdleWords.com, Polish-born Maciej Ceglowski (”as American as gooseberry pie,” but now living in northeastern Romania) tells the fascinating story of how the cure for scurvy was won and lost in a culture confident in scientific progress.
