I just read something that unleashed my inner teenager, because I want to respond with a combination of OMG, LMAO, and WTF. Donald Berwick, the person appointed by Obama to be in charge of Medicare, has a column in the Wall Street Journal that makes a very good observation about how relative prices are falling [...]
Archive for the ‘Central planning’ Category
Obama’s Medicare Appointee Has Accidental Encounter with Reality, Learns Nothing
Posted in Big Government, Central planning, Economics, Government intervention, Government Spending, Health Care, Health Reform, Third party payer, tagged Death Panel, Economics, Government-run healthcare, Medicare, Third party payer on April 30, 2011 | 45 Comments »
Low-Income Workers Are the Second Victims of Obamacare
Posted in Big Government, Central planning, Economics, Government intervention, Health Care, Health Reform, Obama, Statism, tagged Economics, Government intervention, Government-run healthcare, Health Care, Health Reform, Obama on October 2, 2010 | 4 Comments »
This blog already has noted that Obamacare crippled the market for “kids only” health insurance policies. Unsurprisingly, that is just the beginning of the bad news. The latest development is that health policies designed to provide insurance to low-income workers may no longer be economically feasible. The Wall Street Journal comments. Among President Obama’s core health-care promises [...]
Wages Should Be Determined by Markets, not Quota-Driven Bureaucrats
Posted in Bureaucrats, Central planning, Free Markets, Government intervention, Jobs, Obama, Unemployment, tagged Employment, Feminism, Free Markets, Government intervention, Jobs, Quotas on September 24, 2010 | 1 Comment »
Christina Hoff Sommers of the American Enterprise Institute decimates the bean-counting feminist “paycheck fairness” legislation being considered by the Senate. Republicans presumably know this is a bad idea, but one can only wonder whether they will do the right thing and block this initiative that at best will be a boon for trial lawyers and [...]
Brains and Common Sense Are Not the Same Thing
Posted in Central planning, Fatal conceit, Hayek, Obama, tagged Central planning, Fatal conceit, Hayek, Obama on October 6, 2009 | 3 Comments »
Thomas Sowell makes a very good point about the ostensibly brilliant advisers working for President Obama. If these smart people think that a high IQ somehow entitles them to “plan” the economy, then history shows the results will not be pretty. This is the difference between intellect and wisdom. Unfortunately, Obama’s people have very little [...]