Economics

"Statists rule"

Professor Peter Gordon on the questions big-government advocates never seem to get around to answering:

But missing from the discussion (almost all such discussions) is the politics. Who administers the tax? How do they choose who and how much to tax, when and where.

Public choice economics points to a non-trivial answer:  crony capitalism and the threat of regulatory capture are always in play.


"Are You Sure You Want Single Payer?"

This is from The Atlantic, a typically Liberal publication.

Laszewski compares trying to rein in health-care costs by dramatically cutting payment rates to seeing a truck going 75 miles an hour suddenly slam on the brakes. The first 10 to 20 years after single payer, he predicts, “would be ugly as hell.” Hospitals would shut down, and waits for major procedures would extend from a few weeks to several months.

Related: "Single-payer would be a nightmare for Americans".

Some much better ideas: "Easy healthcare fixes".