Universal Healthcare’s a Bust…
The problem with all the varieties of universal healthcare that I have heard are threefold: 1. They create disparities in market pricing which inevitably prevent innovation funding from big companies (R&D is cut first usually) and often decrease certain comparative advantages/disadvantages to the point of companies going out of business or significantly downsizing resources. 2. Only low income people benefit from the plans and usually middle and... [Read More...]
Then and Now…
I’ve noticed a few things as I’ve rummaged through news articles, blogs and economic data that has made me think the outcome of 1930s is not upon us, but that we are susceptible to something completely different: 1. We had a 3% increase in GDP in 2007 and 2% in 2008 vs -8% in 1930 (and worse in the years following) 2. We are a white collar society. 3. The government is willing to spend its way out of this mess. 4. Media coverage has significantly... [Read More...]
The Obama Play
Well. It’s official folks. We have a government who has officially stated that they will do everything in their power to keep banks from dying, credit from smashing, unemployment from rising and IN ADDITION, keep US automakers from bankruptcy. If we are really going to prevent companies from going bankrupt, why do we have such a restructuring tool? In any case, this has nothing to do with my usual rants about the new administration’s economic... [Read More...]