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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-

Saturday, November 16, 2013

Obamacare is doomed to fail.....

The Fatal Conceit: by Friedrich Hayek is a must read for those that think that government can actually make things better. As Wikipedia writes:
The book attempts to conclusively refute all forms of Socialism by demonstrating that socialist theories are not only logically incorrect but that the premises they use to form their arguments are incorrect as well. To Hayek the birth of civilization is due to the start of societal traditions placing importance on private property leading to expansion, trade, and eventually the modern capitalist system, also known as the extended order.[1] Socialists are wrong because they disregard the fact that modern civilization naturally evolved and was not planned. Additionally, since modern civilization and all of its customs and traditions naturally led to the current order and are needed for its continuance, any fundamental change to the system that tries to control it is doomed to fail since it would be impossible or unsustainable in modern civilization. Price signals are the only means of enabling each economic decision maker to communicate tacit knowledge or dispersed knowledge to each other, in order to solve the economic calculation problem.
Social Security, Medicare, Medicaid and the government itself are all doomed to fail in coming decades. It will cost American's dearly for the illness of socialism that bedraggled the nation for 80 years or so. For many, it will cost them their lives.


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