An analogy on why universal health care, or any other social insurance program, is bound to fail over the long-run.
Posts Tagged ‘welfare’
Trend of Impending Poverty
Foreign central banks are keeping interest rates low in an attempt to devaluate their own currency, as to force the exchange rates to remain relatively stable in comparison to the U.S. Dollar. While the United States slips into the worst recession in history, the rest of the world seems happy to follow.
A Libertarian Theory of Free Immigration
Spanish economic Jesús Huerta de Soto covers the topic of immigration in a libertarian society under the framework provided by Murray N. Rothbard.
Agricultural Employment in Spain
Spanish agricultural excels largely because of the lack of minimum wage. Lack of government-imposed wage rigidity allows farmers to soak up much of the unemployment, and offer those who otherwise would not make an income some form of wage.
Why Not Legalize Theft?
Obama’s universal health care proposal only benefits the few in the expense of the majority. And, ultimately, even those few that benefit from the system will be negatively effected by the inevitable drop in productivity that will come as a result of an increase in taxes.
Technology, Machinery and the Human Laborer
Technological advances do not lead to a net loss in jobs, and might even lead to a net gain. There must be human laborers to build and maintain the machinery, and there must be human laborers to build the factories which build the machines. The introduction of a machine produces a net increase in jobs.
