Articles in the Not So Fast! Category
Do Profits Diminish Medical Care?
Posted in Not So Fast! on 19 August 2009
Stats: 105 views and 16 Comments I recently visited a doctor whose son was a philosophy major. During a late-night discussion on medicine, the young man declared that profits “have no place in medical care.” He went on: “It is immoral to profit over the sickness of someone else." I said nothing at the time, although Jane ...
Posted in Not So Fast! on 19 August 2009
Stats: 105 views and 16 Comments I recently visited a doctor whose son was a philosophy major. During a late-night discussion on medicine, the young man declared that profits “have no place in medical care.” He went on: “It is immoral to profit over the sickness of someone else." I said nothing at the time, although Jane ...
The Worst is Ahead of Us
Posted in Not So Fast! on 12 August 2009
Stats: 55 views and 12 Comments The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market. While I wish ...
Posted in Not So Fast! on 12 August 2009
Stats: 55 views and 12 Comments The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market. While I wish ...
Are Medical Markets an Inherent Failure?
Posted in Not So Fast! on 5 August 2009
Stats: 226 views and 6 Comments Nobel Prize-winning economist Paul Krugman recently made an extraordinary statement regarding the application of markets to medical care. Writing in his July 31 column, Krugman stated: Right-wing opponents of reform would have you believe that President Obama is a wild-eyed socialist, attacking the free market. But unregulated markets don’t work for ...
Posted in Not So Fast! on 5 August 2009
Stats: 226 views and 6 Comments Nobel Prize-winning economist Paul Krugman recently made an extraordinary statement regarding the application of markets to medical care. Writing in his July 31 column, Krugman stated: Right-wing opponents of reform would have you believe that President Obama is a wild-eyed socialist, attacking the free market. But unregulated markets don’t work for ...
Why Malinvestments Matter
Posted in Not So Fast! on 29 July 2009
Stats: 380 views and 2 Comments I recently attacked the Keynesian view of economic depressions and its recommendations for recovery. Unfortunately, despite its obvious crude implications and its tendency to view an economy as a single “blob,” the Keynesian theory rules both academe and the investment markets. The Austrian school of economics, however, has long pushed an ...
Posted in Not So Fast! on 29 July 2009
Stats: 380 views and 2 Comments I recently attacked the Keynesian view of economic depressions and its recommendations for recovery. Unfortunately, despite its obvious crude implications and its tendency to view an economy as a single “blob,” the Keynesian theory rules both academe and the investment markets. The Austrian school of economics, however, has long pushed an ...
Have Government Deficits “Saved the World”?
Posted in Not So Fast! on 22 July 2009
Stats: 101 views and 7 Comments [caption id="attachment_7910" align="alignright" width="150" caption="Paul Krugman's Chart Explaining How Deficits "Saved the World""][/caption] Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the ...
Posted in Not So Fast! on 22 July 2009
Stats: 101 views and 7 Comments [caption id="attachment_7910" align="alignright" width="150" caption="Paul Krugman's Chart Explaining How Deficits "Saved the World""][/caption] Last week, I wrote about the crudeness of so-called Keynesian economic theory in which one assumes that all assets and capital “investment” are “homogeneous” in character, which means that their only contribution to the economy is from the ...
The Lowdown on Crude Keynesianism
Posted in Not So Fast! on 15 July 2009
Stats: 228 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-prize-winning economist and New York Times columnist. To argue against further accumulation of government debt and the printing of new money, according to Krugman, is to fall back on “discredited” economic thinking: For ...
Posted in Not So Fast! on 15 July 2009
Stats: 228 views and 16 Comments As the economy goes south, we hear calls for a “second stimulus,” most prominently from Paul Krugman, the Nobel-prize-winning economist and New York Times columnist. To argue against further accumulation of government debt and the printing of new money, according to Krugman, is to fall back on “discredited” economic thinking: For ...
Federal Criminal Law: How the Government Fights Capitalism
Posted in Not So Fast! on 8 July 2009
Stats: 355 views and 276 Comments Last weekend, I visited a young woman in Charlotte, North Carolina, once a successful real estate attorney, but now facing the prospect of spending the rest of her life in federal prison. The young woman is very pleasant, not one who a visitor might think is a criminal “kingpin” who ...
Posted in Not So Fast! on 8 July 2009
Stats: 355 views and 276 Comments Last weekend, I visited a young woman in Charlotte, North Carolina, once a successful real estate attorney, but now facing the prospect of spending the rest of her life in federal prison. The young woman is very pleasant, not one who a visitor might think is a criminal “kingpin” who ...
Do We Need State Control of Medical Care?
Posted in Not So Fast! on 1 July 2009
Stats: 173 views and 8 Comments The notion that the political classes “should never waste a good crisis” has extended not only to the de facto nationalization of domestic auto companies and the financial sector, but also to medical care. It is treated as inevitable that the government will demand to control all the money that ...
Posted in Not So Fast! on 1 July 2009
Stats: 173 views and 8 Comments The notion that the political classes “should never waste a good crisis” has extended not only to the de facto nationalization of domestic auto companies and the financial sector, but also to medical care. It is treated as inevitable that the government will demand to control all the money that ...
The Real Cost of Health Care
Posted in Not So Fast! on 24 June 2009
Stats: 599 views and 4 Comments One regular theme in Paul Krugman’s column is universal medical care, and anyone who opposes him either is evil or simply wants people to be unhealthy. While he is not fully happy with President Barack Obama’s latest plan to create a government health insurance option, nonetheless he knows all central ...
Posted in Not So Fast! on 24 June 2009
Stats: 599 views and 4 Comments One regular theme in Paul Krugman’s column is universal medical care, and anyone who opposes him either is evil or simply wants people to be unhealthy. While he is not fully happy with President Barack Obama’s latest plan to create a government health insurance option, nonetheless he knows all central ...
The Totalitarian Times
Posted in Not So Fast! on 17 June 2009
Stats: 641 views and 1 Comment In 1932 the western world was in crisis, as the capitalist economies were shrinking rapidly while the Great Depression spread misery and hopelessness. According to the intellectuals, however, there was one shining beacon, one place that provided hope: the Soviet Union under the “enlightened” leadership of Josef Stalin. Stalin, the intellectuals ...
Posted in Not So Fast! on 17 June 2009
Stats: 641 views and 1 Comment In 1932 the western world was in crisis, as the capitalist economies were shrinking rapidly while the Great Depression spread misery and hopelessness. According to the intellectuals, however, there was one shining beacon, one place that provided hope: the Soviet Union under the “enlightened” leadership of Josef Stalin. Stalin, the intellectuals ...
