Fellow Berean Mark Smith highlighted the President’s oft-repeated claim that if you like your health care you can keep it, characterizing it as misleading. Of course, many are using the stronger form of “lie” to describe this. I remember at the US Air Force Academy, the definition of a lie in our honor code was […]
Archives
-
-
Obamacare sticker shock: “I was all for Obamacare until I found out I was paying for it”
28 Oct 2013
There are so many dimensions of possible problems with Obamacare; the technical problems with the website are masking other much more problematic concerns. Higher costs, fewer choices, and coercive mandates are only now being considered by consumers as the actual implementation of the law is upon us. As I listen to the debates of the […]
-
The US Government and Romans 13: 1-7
09 Oct 2013
How happy are you with the federal government? The government is partially shutdown. If Congress and the President are not able to negotiate a settlement to raise the debt ceiling, greater fiscal problems are on the horizon. The Affordable Care Act is more and more showing its strangling effect on our economy. The Dodd-Frank Act […]
-
Obamacare / Kingcare
28 Aug 2013
The economy is never stagnant, either with respect to its performance (GDP growth, inflation, unemployment rate, etc.) or with respect to the level and degree of government direction (more or less socialistic, more or less market driven, etc.). Our economy is becoming more and more socialistic. One clear marker on this road to serfdom is […]
-
From William Galston in the WSJ today. Mr. Galston is referring to the same book that we commented on after the Financial Times of London made a similar review earlier this month. Mr. Galston picks up on the theme that government spending on R&D has historically resulted in a lot of winners, including some of […]
-
Crony Capitalism
23 Aug 2013
This summer I asked my colleagues at Bereans at the Gate a question – How might we define “crony capitalism”? The consensus was that “rent seeking” – the explicit and direct use of time and money for economic gain without productive wealth creation – was at the root of crony capitalism. When we think of […]
-
The Austrian theory of the business cycle is often misunderstood as an overinvestment theory–where too much investment causes a boom, which must be corrected by a bust. Prominent economists such as Paul Krugman characterize it this way, Call it the overinvestment theory of recessions, or “liquidationism,” or just call it the “hangover theory.” It is […]
-
So says a new book reviewed by Martin Wolf in the Financial Times, The Entrepreneurial State. The basic thesis is that Yes, innovation depends on bold entrepreneurship. But the entity that takes the boldest risks and achieves the biggest breakthroughs is not the private sector; it is the much-maligned state. Martin Wolf approves of this […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach