Federalist Nos. 11 – 12 follow the same overarching argument that many of their predecessors followed. It can be boiled down to the truths concerning economies of scale. A larger union has great advantages over a smaller nation in many…
As the clock starts in our efforts to reform out Utah health care system I was encouraged by this Op-Ed in the Salt Lake Tribune. Making health insurance affordable – forcing carriers to offer so-called “affordable plans” – will not…
When I read The Coming Crisis of Big Government I gained a measure of hope that there might be some possibility left for averting the crisis of our soon-to-balloon costs for social security and Medicare. One of the central examples…
Reach Upward nails it again when he talks about Serving Medical Customers. One of the primary rules of economics is that suppliers do their best to supply what buyers actually demand. Who are the real buyers of medical services? Not…
I had asked whether our markets would be better served with a tit for tat approach to tariffs rather than a more dedicated insistence on free trade on imports. If I had any lingering doubts on the subject they were…
I’m a proponent of the value of free markets and their ability to enrich people. The problem is that the free market only works in a closed system, in other words a free market is not favored when intersecting with…
I found it fascinating to read You Are What You Spend to see how different the economic picture is depending on the way we measure economic position. . . . renewed attention is being given to the gap between the…
As if the Republican party (thanks largely to the current administration) had not long ago lost any credibility to apply the “tax and spend” label to the Democrats, the American Enterprise Institute has now published a report on just how…
I chuckled as I returned to an article from early December by Paul Krugman about how: In past financial crises — the stock market crash of 1987, the aftermath of Russia’s default in 1998 — the Fed has been able…