by Dan Mitchell | Apr 2, 2017 | Blogs, Economics
Donald Trump wants the federal government to subsidize child care. If enacted, this policy is sure to increase costs and lead to inefficiency, just as similar types of intervention have caused problems in both healthcare and higher education. While Trump’s proposal is...
by Dan Mitchell | Mar 24, 2017 | Blogs, Economics, Health Care
I’m flabbergasted when people assert that America’s costly and inefficient healthcare system is proof that free markets don’t work. In hopes of helping them understand what’s really going on, I try to explain to them that an unfettered market involves consumers and...
by Dan Mitchell | Mar 15, 2017 | Big Government, Blogs, Health Care, Taxation
As I wrote yesterday (and have pontificated about on many occasions), the main problem with America’s healthcare system is that various government interventions (Medicare, Medicaid, Obamacare, tax code’s healthcare exclusion, etc) have created a system where people –...
by Dan Mitchell | Mar 14, 2017 | Blogs, Economics, Health Care
I shared last year a matrix to illustrate Milton Friedman’s great insight about the superior results achieved by markets compared to government. Incentives explain why markets work best. When you spend your own money on yourself (box 1), you try to maximize quality...
by Dan Mitchell | Mar 12, 2017 | Big Government, Blogs, Health Care
A couple of years ago, filled with disgust at the sleazy corruption of the federal Leviathan, I put forth a simple explanation for what happens in Washington, DC. I call it the “First Theorem of Government,” and I think it accurately reflects the real purpose and...
