an old program

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.

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new amendment

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.

lobbyism

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.

attitude matters

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.

too many laws

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.

shutdown theater

Found a great comment by John Stossel on the current U.S. government shutdown:

Shutdown Theater

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.

making thought obsolete

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.

balance the budget

The U.S. faces yet another stalemate because the government ran out of money. Back in 2011, I wrote a comment (link) on this and it turns out things have not changed much after all. Only the numbers may need an update:

With all the fuss about the U.S. debt problem, here’s one proposal: Go back to the spending level of 2009. That year was not austerity. Not by a mile. But going back to that spending level, the budget for 2014 would be balanced instantly.

more or less innovative

For Uncommon Knowledge, Peter Robinson discusses whether the rate of innovation has decreased or not. His guest are PayPal founder and Stanford Professor Peter Thiel as well as Velocity Capital Management founder and journalist Andy Kessler.

Technology isn’t failing us, the government is getting in the way.

gates

Recently, Bill Gates went to Harvard for an interesting Q&A:

History always kind of oversimplifies. There were people who did things that completely failed but were very suggestive of the right answer.