“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:
Jim Rogers BBC Interview - 25 Feb 2013
Internet Sales Taxes Are Economy-Sapping Domestic Tariffs
Bovard: Destroying, suppressing evidence is FBI standard procedure
China remains the place you want to have some of your money invested
Why Do They Need FATCA When They Have SWIFT?
Brandon Raub and the Thought Police
Bitcoin is going mainstream. Here is why cypherpunks shouldn’t worry.
What Was the Point of Regime Change in Iraq?
Rand Paul’s Misplaced Celebration
A Social Phenomenon: Protests Erupt in Brazil
Michael Scheuer: Observing King Obama’s Syrian madness, II
What Higher Mortgage Rates Mean in the Real World
Is This Why Obama is So Desperate for a Nice Little War?
Investors Say: “Mises Was Right!”
Doug Casey: The Gold Crash Is Not What Either Bulls or Bears Are Telling You