Prior to the advent of Medicare and Medicaid, individuals paid for the majority of medical goods and services out of their own pocket and utilized health insurance as a rational tool for mitigating financial risk posed by catastrophic events.
We should thank our lucky stars for air conditioning — and hope that that government won’t destroy it, writes Mark Thornton.
The way to become an expert is as follows: don’t challenge the prevailing orthodoxy of the institution; learn the history, underlying princip
People must not be allowed to get prescription medications without doctor approval — or else an entire fake industry could collapse. So the pharms, the docs, and all those who benefit from the current system banded together and instituted a medieval guild system for the digital age.
President Barack Obama promised recently in a <i>Wall Street Journal</i> op-ed to undertake a grand review of economic regulation in the United States and get rid of rules that "are not worth the cost, or that are just plain dumb." Yet he has added plenty of dumb regulations himself.
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran.
