More on the economic front from Greenspans book: 1. The stagnate part of our economy is the long term investment. Home construction and plant investment hing on a belief in the future worth of an investment now, and that trust is missing. 2. Every dollar invested in social programs translates in a dollar taken out of the private market place, and results in lower investment in production modernization, and efficiency. And that translates into a lower standard of living. My interpretation of the current AMA debate is that Liberals believe that people can be controlled and manipulated at will through incentives and force of law. My experience in raising children is that doesnt work. We have one of my children as an example. Her familys health insurance is going up 2,400 per year and the deductible is going up 5,000 a year. Newsflash: her family doesnt have 7,400 in disposable income to spend on that. In addition, they are self employed so no government benefits. (Government hates self employed people. I know, I am one.) Defining terms: we are developing an under-served market: those needing health insurance. Under-served because many are being priced out, those who can get it with government help will find the quality very low (long wait times, mass production treatments, low quality doctors, etc...). Pricing of government authorized healthcare will always be very high. No politician can ever say NO to a benefit, so the policies are over loaded with unneeded goodies. What I think will happen is that human ingenuity will develop other means of offering health care be it an association or club or any other name where you pay dues for medical service. The liberals wont like it because 1) they dont gain the political advantage they want, 2) the good doctors will flee the government system, 3) the political system will swing against them and protect the new health care from government meddling. Greenspan talks a lot about the debate over whether the free market system is self correcting, or if government meddling is required. I smiled and noted that government meddling will cause a change in the political system that will then allow the free market to make said correction, so yes. Free Markets do eventually work.
Posted on: Sat, 16 Nov 2013 23:36:10 +0000
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