Graham Collections

Archive for the 'Economics' Category

02
Jul

Why AMA supported Obamacare

This post is amazing. I have never supported the AMA with  my money, and know many others who refuse to as well, but I never knew why they had so much money to spend. Now I know.
The AMA endorsed Obamacare as a way to protect its medical coding monopoly with the federal government, in-turn, the Obama Administration recieved [...]

09
Jun

The Cost of Higher Education

This article by Glen Reynolds sums up what may be the next bubble to burst.
College has gotten a lot more expensive. A recent Money magazine report notes: “After adjusting for financial aid, the amount families pay for college has skyrocketed 439 percent since 1982. … Normal supply and demand can’t begin to explain cost increases [...]

02
Jun

Get a Government job

Clearly Government is too big and its worker’s are overpaid, but as the number grows and the pay keeps increasing there is little incentive for them to support the removal of those departments of government for which they work. Dan Mitchell has put out another video documenting the statistics on government pay structures.
In addition this [...]

22
Mar

The Era of Even Bigger Government

They did it, they jammed through by hook or by crook the worst piece of legislation of my lifetime. The US economy may never be the same and elections in this country will degenerate further into the kind of silliness we see in Europe. For some they will be glad that the era of Big [...]

28
Feb

The result of the welfare state

This article is a must read for anyone who thinks there is still hope to stop the run toward unsustainable national debt. Living in the disaster that is the current government of California sobers one up to the potential realities of shifting unfunded mandates to the fewer and fewer people who actually produce something. What [...]

07
Oct

Random Thoughts

Thomas Sowell occasionally writes random thought columns which I find fun to read. Here is a great and yet simple quote:
When politicians propose some hugely expensive new program and are asked how the government is going to pay for it, a standard ploy over the years has been to claim that they will pay for [...]

16
Sep

Common Sense from Thomas Sowell

This article summarizes well why the whole Healthcare debate is problematic:
“The most childish of all the things being said in the august setting of a joint session of Congress last week was that millions of people can be added to the government’s health insurance plan without increasing the federal deficit at all.
If the President of [...]

08
Jun

Great note on the current debt

Definitely a post at Powerline worth reading.

29
May

Deficits result in more consequences

This article from Bloomberg news informs us of the problems increased federal deficits bring to the bond market. There clearly is no free lunch for all, just for the protected classes.
This time it’s different because the Congressional Budget Office projects Obama’s spending plan will expand the deficit this year to about four times the previous record, [...]

26
May

Must read on small government

This article by Kim Strassel in the Wall street journal is great!
It is in regards to Governor Tim Pawlenty holding the line on spending in Minnesota.
Some excerpts:
Throughout this spectacle, Mr. Pawlenty kept voicing three simple principles. “Number one, we must have [because of the constitution] and should have a balanced budget,” he told me. “Number [...]

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