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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, June 22, 2011

How did Obamacare get so screwed up? - Right Turn - The Washington Post

Socialism does not work and never has worked. Eventually centralized economic decision making breaks down and fails to adjust to changes in technology, demographics and people's needs and desires. The American healthcare law, that moves this economic sector squarely towards if not into the complete control of the central government promises to be one of the worst errors of the modern American government ever.....
Those who drafted and now tout it have a shaky understanding of how markets operate and a built-in preference for top-down management. But it turns out that millions of people making individual health-care decisions are a lot smarter than the bureaucrats who constructed such a massive structure that no one can be expected to understand it and its consequences.
The ultimate arrogance of socialists and Democrats is that their centralized decision making process is somehow superior to the millions of decisions made by normal everyday Americans. Yes, in the millions of decisions, there will be some gross errors, but the problem with communist central planning is that no one knows what the demand will be at any price so its impossible to price the product so there will be huge errors that will necessarily create gross misallocations of resources. Life is an exercise in making decisions in a world of limited resources. Governments pretend that these resources are unlimited and when we allow them to allocate these economic goods, we will live in less fair and less productive world. Anyone that believes otherwise believes in myths.

How did Obamacare get so screwed up? - Right Turn - The Washington Post


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