“Many people roll their eyes at ‘those idiots in Washington!’ as if these obvious outcomes are somehow a surprise. No, the people in Washington have trained economists on their staffs. They understand incentives, even though their rhetoric suggests that they don’t. Over the coming years, as the delivery of US healthcare suffers and citizens become justifiably outraged, they will be led to demand greater and greater government involvement to thwart the ‘greedy’ insurance companies and ‘overpriced’ hospitals. This is part of the plan, as some glib proponents of ObamaCare have let slip.”
Related posts:
Former Finance Minister: Europe’s Vindictive Privatization Plan for Greece
Westerners Kidnapped in North Africa — but Is France the Real Target?
Thanks, Bloomberg, for More Nonsense About Gold
Jimmy Carter’s forgotten history lesson
"Rapid Progress": Controlling the Imperial Military With Drugs
Confronting America the Torturer
NSA Whistleblower: Don’t Blame Edward Snowden for Paris Attacks
Jim Rogers ET NOW Interview - 29 May 2013
How Is Bernanke Going to Land His Helicopter?
Jamie Dimon Knows What You Don't Need to Know About U.S. Default
Manning Show Trial Exposes the Fraud of Representative Democracy
IRS Scandal: And They Shall Eat Their Own ...
Covering Up the Katyn Massacre: Another Day at the Office for U.S. Presidents
Bill Bonner: Is this the end for the bull market in gold?
Peter Schiff Global Investor Newsletter - March 2013