Can the Government Run the Economy? – YouTube

“The economy isn’t a machine, and the government can’t force it to act like one”

Venezuela and Santa Claus vs Thomas Sowell and the Little Red Hen | International Liberty

In the short run, though, the Venezuelan government gets to play Santa Claus. At least for 2016.

But it won’t have that option in 2017. And because the nation’s kleptocratic government is running out of victims, it’s just a matter of time before the system collapses, at which point the government either gives up power or launches a brutal crackdown.

Hopefully the former.

Though it would remain to be seen whether the leftist thugs who currently hold power are able to escape the country with all the loot they’ve stolen, or whether they get the Ceausescu treatment.

They deserve the latter.

Earlier this year, I borrowed from Dante’s Inferno and created the Five Circles of Statist Hell. At the time, I suggested that Venezuela was on the cusp of moving from the third circle (̶…

Source: Venezuela and Santa Claus vs Thomas Sowell and the Little Red Hen | International Liberty

Bloomberg, Opinion: “Healthcare is a business, not a right.”

This piece by Megan McArdle is one of the best treatises I’ve read on the economic conundrums facing healthcare and the philosophical wars that rage on around it. Despite the altruistic disguises that insulate much of centrally controlled healthcare systems financed by other people’s money, the price tag is still a consideration; not to mention freedom of choice is largely absent in those top-down budgeted systems.

https://www.bloomberg.com/view/articles/2016-08-23/health-care-is-a-business-not-a-right

The Direct Primary Care Journal

“The health of Americans should not be a profit center. Health care is a right. Full stop.” That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart of any progressive in the land. Subjecting health care to the sordid whims of the marketplace strikes many people as simply immoral.

opinionAUGUST 23, 2016 – “The health of Americans should not be a profit center. Health care is a right. Full stop.”

That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart of any progressive in the land.  Subjecting health care to the sordid whims of the marketplace strikes many people as simply immoral. Nor is this feeling confined to the left. Conservatives may be less enthusiastic about socialized medicine, but talk to one about the health care system…

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The Rule of Law

Professor Tom W. Bell

Chapman University

The Myth and Reality of Trickle-Down Economics | International Liberty

…allowing everyone to pursue all the opportunities they can in the marketplace, with the minimal level of taxation and regulation, will create generalized prosperity. The value of cutting taxes is not just cutting them for higher income groups, but for everyone. Letting everyone keep more of the value they create through exchange means that everyone has more incentive to create such value in the first place, whether it’s through the ownership of capital or finding new uses for one’s labor.

Now that we’ve dispensed with the silly left-wing caricature of trickle-down economics, let’s discuss how there actually is a sensible way to think about the issue.

Source: The Myth and Reality of Trickle-Down Economics | International Liberty

It’s Amazing What We Tolerate When it Seems “Normal” | Robert Nelson, MD | LinkedIn

Strange-Situations-EMGN9Think about the last time you purchased a product or a repair service for your car; or went to the home improvement store to buy something for the house. I’m talking about anything from alignments to anti-theft devices for the auto or paint to privacy fences for your home.

Do you recall any restrictions on your choices of vendors, other than based on your own preferences? I suspect not, in fact you likely had about a dozen choices within driving distance if you were purchasing routine or common items. I’m also confident that you also found prices to be competitive and high-quality products at most all vendors.

via It’s Amazing What We Tolerate When it Seems “Normal” | Robert Nelson, MD | LinkedIn.