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Let me, as a representative of the libertarian edge of the GOP, say that I could care less about the glitch-ridden rollout of the ACA website. It's irrelevant that the site isn't functioning well...sites can be fixed. The issue with this law isn't the site itself...It's the centrally-planned misallocation of resources and interference in the market that are the real problems this law creates and perpetuates. These issues are substantive and transcend the malfunctioning of their website. In times like these, when economic liberty is in the midst of another encroachment, I'm reminded of the importance of Austrian economics and the perspective that it places on these issues. -----------Below is a quote from Dr. Richard Ebeling discussing a meeting he had with Hayek in the 70's. "Hayek’s explanation and defense of the competitive market economy and the free society in general is, possibly, the most insightful and profound argument for liberty penned in the 20th century. His analysis of man’s inescapable ignorance of much of the knowledge that others possess—but upon which use we are all dependent in the extended system of division of labor—represents one of the subtlest understandings of why government central planning and heavy-handed intervention and regulation are inherently inferior to a functioning competitive market order. " ------------A heavy handed government approach to remedy an issue of high cost (or any other issue) is almost always the wrong answer.The Importance of Austrian Economics and F. A. Hayek for Understanding the Current Economic Crisis and for the Future of Freedom: An Interview with Richard M. Ebeling | In Defense of Capitalism & Human Progress
Countries where governments have universal coverage are doing well. Where is Austrian economics doing well in regards to health care or anything for that matter?
Countries where governments have universal coverage are doing well. Where is Austrian economics doing well in regards to health care or anything for that matter?
Really? How are Spain and Greece fairing? They've got universal coverage. A little birdy told me that they're having some debt problems.
Not only is ACA a violation of Austrian Economics, but it is a violation of all economics and of common sense itself.But there is no reason to talk sense into the ACA supporters. All we have to do is sit back and let it collapse upon itself.
Austrian Economics isn't best utilized for policy perscriptions...more for analysis of resource allocation and prediction. But if you want countries that have used policies that Austrian economists would recommend.
1. Estonia
2. Poland
3. Lithuania
4. Hong Kong
5. Singapore
6. Latvia
Please feel free to look at their economic prowess. Google the term Baltic Tigers and feel free to read up.
Further...The policy perscriptions utilized after the recession reflect that their recoveries were more robust and the pain felt was acute. Latvia contracted over 15% during the recession. Since then they've grown on average over 5%. All without major intervention. GASP! Recovery is possible witout QE! HAZZAAA! GDP of Latvia increased by 5.5% in 2011 :: The Baltic Course | Baltic States news & analytics
Austrian Economics isn't best utilized for policy perscriptions...more for analysis of resource allocation and prediction. But if you want countries that have used policies that Austrian economists would recommend.
1. Estonia
2. Poland
3. Lithuania
4. Hong Kong
5. Singapore
6. Latvia
Please feel free to look at their economic prowess. Google the term Baltic Tigers and feel free to read up.
The countries you listed have universal health care provided to their citizens. Public health care provided as a service financed through taxation.
The countries you listed have universal health care provided to their citizens. Public health care provided as a service financed through taxation.
Providing healthcare is irrelevant to their success. If our country could successfully manage universal healthcare while lowering taxes to a flat uniform rate while decreasing regulations and balancing the budget...I'd support it.
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