Thomas Sowell, senior fellow of the Hoover Institution, argues that the Affordable Care Act (Obamacare) is just an old program:
An Old ‘New’ Program
What is older than the idea that some exalted elite know what is good for us better than we know ourselves?
Insurance is an institution for dealing with risks. It is a costly and counterproductive way to pay for things that are not risks […] Your annual checkup does not cost any less because it is covered by insurance.
Sowell also points out that Obamacare was initially supported by the idea to help the minority of people lacking health insurance. But instead of directly helping those people, the new health care policy now affects everyone.
Since there has never been a society of human beings without at least some segment with some problem, this is a formula for a never-ending expansion of government power.
Posted in Economics, Obama, Politics, Thomas Sowell, USA | Leave a Comment »
In the Washington Times, Senator Rand Paul suggests a new constitutional amendment:
A Long-Needed Constitutional Amendment
Congress shall make no law applicable to a citizen of the United States that is not equally applicable to Congress. This amendment also contains two provisions that apply that same principle to the executive branch and judicial branch of the federal government.
Moreover he refers to his so-called “Read the Bills” resolution
that would forbid voting on legislation until each bill is posted online and the Senate has been in session for at least one day for each 20 pages.
Posted in Constitution, Politics, Rand Paul, USA | Leave a Comment »
Great quotation from P.J. O’Rourke:
When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
Posted in Quotes | Leave a Comment »
For the Reason magazine, John Stossel argues that Americans are focused too much on negative news:
Longing to be a Victim
America was founded by people who were the opposite of victims, by people with grit. Overcoming obstacles is the route to prosperity — and happiness, too.
Whether people have real physical ailments or just see the economic deck stacked against them, the most damaging thing say to them is: Give up. You can’t make it on your own. Wait for help.
America is full of success stories. But if we obsess over stories about victimhood, that is what we’ll get.
Posted in John Stossel, Libertarianism, USA | Leave a Comment »
Nobel laureate Milton Friedman makes a case for less regulation and legalization of drugs:
One of the most effective remedies for the problem of crime is to reduce the number of things that are crimes.
If you had a legal source of drugs at relatively low prices, which they would be, you would drastically eliminate this whole category of crime.
Posted in Libertarianism, Milton Friedman | Leave a Comment »
Found a great comment by John Stossel on the current U.S. government shutdown:
Government wants you to play a role in the ‘shutdown’ of the federal government. Your role is to panic.
If the public starts noticing that life goes on as usual without all 3.4 million federal workers, we might get dangerous ideas, like doing without so much government. Politicians don’t want that.
Posted in John Stossel, Obama, Politics, USA | 1 Comment »
Thomas Sowell, senior fellow at the Hoover Institution, on the use of words in politics:
Words That Replace Thought
At neither end of the income scale is a “fair share” defined as a particular number or proportion, or in any other concrete way. It is just a political synonym for “more,” dressed up in moralistic-sounding rhetoric.
Posted in Economics, Politics, Thomas Sowell | Leave a Comment »