As Carpe Diem's Mark Perry discusses below, the worst law in United States history, Obamacare, does absolutely nothing to address the real cause of health care cost inflation. Patients and doctors spend other people's money - insurance companies', employers' and governments' (taxpayers'). Nobody takes the rental car to the car wash. And we spend our own money much, much more carefully than we spend somebody else's money.
WASHINGTON, D.C. – Aug. 26, 2010 – "The Association of American Railroads (AAR) today reported rail intermodal volume on U.S. railroads for the week ending Aug. 21, 2010 set a new 2010
Don Boudreaux picks a nit about "trade imbalances" with Jeremy Warner, who writes an otherwise excellent article in the London Telegraph about Paul Krugman's misguided suggestion of a 25% surcharge tax on China's
WSJ -- A closely watched bond-market measure of investor optimism hit a record Monday, amid signs the U.S. economy's recovery is strengthening. That measure is the yield curve -- the difference between short-term and long-term interest rates on government bonds. That number is at its highest level ever, surpassing the record set in June,
There’s an old saying: “Everyone’s a capitalist on the way up and a socialist on the way down.” People want it all—to reap the benefits of free markets, but be protected against any downside. Capitalism won’t abide. And that’s a good thing. It’s a system of inherent checks and balances, which can be swift and brutal during the pruning process. In rough times, we seem willing to sacrifice free markets’ benefits for perceived security from
