Gospel. Culture. Technology. Music.

Category: Economics Page 5 of 8


Hans-Hermann Hoppe on Healthcare Reform

A Four-Step Healthcare Solution (Archive)

This post will undoubtedly be met with a complete misunderstanding of what these solutions would actually do for those who cannot currently get health insurance (namely because of costs, resulting ultimately from government meddling, which has had a domino effect in the private sector). In particular, many will consider the proposal below of “[eliminating] all subsidies to the sick or unhealthy,” as a flagrant attack on the poor, sick and disenfranchised, when in reality, it will actually have the opposite effect of what might be expected. To many, such a proposal seems counter-intuitive, but the incentive created for the poor will be that costs are lowered, making it affordable for them.

I just wanted to preface the intent here, since some seem intent on framing such a proposal as “evil conservatism.” Such an assumption by some, to me at least, shows a great deal of intellectual dishonesty in not dealing with the argument proposed here. Letting the free market work, and getting the quasi-Marxism out of the mix, will have drastic effects on getting better healthcare coverage for all, including the poor and sick. If you disagree, fine. But don’t label such an idea as evil when clearly the goal is making healthcare available and more affordable for everyone.

The solution to our health care woes is not to put more regulations or government control over this sector of our economy or to provide a public option which will stifle competition and create less incentive in the market. The real solution is to free it from the bureaucratic and government constraints, getting rid of the subsidies and red tape. This will inevitably lower prices, which will create the incentive for many more people to purchase insurance at a reasonable price that cannot currently.

Uncharted Waters

I’m just not sure why the FOMC (Federal Open Market Committee), after having been wrong on multiple assessments of the economy in the not so distant past, would be so quick to say we’re now on the fast -track to recovery when the stats and the history of past crises does not lend us that kind of optimistic conclusion. From Ambrose Evans-Pritchard (Archive):

CRE Foreclosures Rising (Video)

Jim the Realtor driving around Oceanside, CA, showing the rate of commercial foreclosures in the area.

Something I Forget About Man-Made Organizational Structures

All man-made systems of governance, economies and organizational structures are all flawed and marred by sin. I hear someone saying, umm … yeah? This is something that is, on its face, so basic to the presuppositions of Christianity, yet in the process of taking your eyes off Christ, it is easy to get caught up in defending a system as if it were not flawed. I have fallen into this thinking, once again, and it can be very distracting from things that matter infinitely more.

Socialism is flawed in that it makes an assumption about the nature of humanity, that man’s deepest motivation is to always do the right thing and help his fellow man; that he will be, by nature, other-oriented. This flies in the face of Romans 3. Capitalism is also flawed in that it assumes the greedy won’t gain unwarranted, unbalanced power over the majority via corporate structures, which can result in fascism and dictatorial reign.

Hyperinflation Nation (Videos)

The Collapse of ’09

I have no idea if these things will come to pass. It’s merely conjecturing and forecasting, so don’t stake your emotions in this and get all worked up. However, at the same time, this particular trends forecaster, Gerald Celente, has been dead-on in predicting major market crises and global events since 1980. He correctly predicted the ’87 crash, the collapse of the Soviet Union, and the dot com bust, amongst a host of other things.

Bernanke Testimony from Today – Stonewall Jackson

As it was said on the Naked Capitalism blog entry pertaining to this testimony, “Bernanke basically stonewalls and refuses to offer reasonable explanations. Not sure if he is treating the Congress as stupid or not entitled to know, but he backs himself into a real whopper with his non-defense defense (see 2:55 to 3:20).”

In answer to the Congressman’s question about who gave the Federal Reserve the authority to lend a half a trillion dollars to foreigners, Bernanke responds that it was enacted in the Federal Reserve Act of 1913. Basically what he’s saying is we can do what we want, lend money to whomever we please, and all this without any true approval from the Senate, which is exactly what has been happening since the fall and even before that.

Basically, when you get down to it, if you are of the persuasion that we’ve just recently lost our economic rights, you’re mistaken. We lost those rights almost a century ago through the groundwork that was laid in the Federal Reserve Act. It gave power to this super bank, or Bank of banks, who could then later use that power in any way it deemed fit. Bernanke’s rebuttals make that clear. They are acting without the authority of the people, in contradiction of the Constitution.

Peter Schiff was Right and Saw it All Coming

Quite keen insight. He was laughed at by most of the people on these shows … “A prophet is not without honor except in his hometown and in his own household.” No one wanted to hear it. And articles like this really should make you take a step back and listen: Fiscal ruin of the Western world beckons … I’m starting to wonder if people really understand how bad off things really are.

Update 8.1.2009: and this prophetic warning from a proven trends forecaster does not bode well for the US … The Collapse of `09.

Why Isn’t the Stimulus Working? It Doesn’t Get at the $40-$70 Trillion of Leveraged Debt – Taleb

http://www.cnbc.com/id/31706523

Interesting Links on The Ramifications of the Economic Crisis

Use the phrase New World Order around people and immediately you will get responses ranging from, “I know! The world government is coming upon us,” to “You’re a nut.” The phrase is often associated with conspiracy theories, some of which are out there. But nowadays, the term is being thrown around very freely in the press.

When I saw these news article titles below, I was kind of shocked, just because it was strange to see a term, associated mostly with many fanatics out there, being used as a normal term for, well, nothing short of some form of global governance. But what I find really interesting about these links below is that they are all from major media sources endorsing the concept of a world economy, which also calls for and implies a world governing body to govern that world economy with (hopefully) just laws. Check ’em out.

Page 5 of 8

Powered by WordPress & Theme by Anders Norén