What ObamaCare’s Fate Means for the Economy, Through Hayek’s Eyes
Thinking Things Over March 25, 2012 Volume II, Number 12: What ObamaCare’s Fate Means for the Economy, Through Hayek’s Eyes By John L. Chapman, Ph.D. Washington, D.C. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the .. read more
A Pothole On The Road To Growth
“There are always going to be some bumps on the road to recovery.” President Obama speaking at a Chrysler plant Friday after the May jobs report Surely the most disheartening part of that quote is the word “recovery”. Five years after the housing bubble started to deflate and nearly three years after the financial crisis, .. read more
Obamacare Preview
My objection to the healthcare reform bill that passed is that it will not only do nothing to lower costs but will likely raise them instead. Don’t believe me? Well, the Massachussetts system has many of the same features and costs are a major problem because people game the system: Thousands of consumers are gaming .. read more
Disgusted
From the Washington Post: The House ethics committee ruled Friday that seven lawmakers who steered hundreds of millions of dollars in largely no-bid contracts to clients of a lobbying firm had not violated any rules or laws by also collecting large campaign donations from those contractors. In a 305-page report, the ethics committee declared that .. read more
Clueless
President Obama is determined to pass something that he calls healthcare reform and has talked incessantly about “bending the cost curve” down which is what pretentious snobs say when they mean “reduce costs”. This comment from last week’s summit reveals Obama as clueless about how to accomplish this simple goal: “the equivalent of Acme Insurance .. read more
The Illusion of Progress
If all you do is read headlines, it would seem that the US is making steady progress toward solving some of the most pressing issues of the day. President Obama went to Copenhagen last week and came away with an agreement which calls for developed nations to provide $30 billion to help developing nations deal .. read more
Your Freudian Slip is Showing
At President Obama’s health care reform inevitability news conference the other day he said: “it’s clear we are on the precipice of achievement that’s eluded Congresses, presidents for generations — an achievement that will touch the lives of nearly every American.” As Roger Kimball points out, precipice probably isn’t what he meant: He probably meant “threshold.” .. read more
Fed Failures
Any dispassionate appraisal of Ben Bernanke’s term as Chairman of the Federal Reserve would have to conclude that it has been a colossal failure. The Fed is tasked with several areas of responsibility and the Bernanke Fed has failed at all of them. As a bank regulator, the Bernanke Fed presided over the formation and collapse .. read more
