Friday, February 13, 2009

How I Learned About Austrian Economics

No government money should be or needs to be spent on windmills or whatever passes for renewable energy these days. The government is so smart that it filled the strategic oil reserve with millions upon millions of barrels of high-priced oil that has now crashed in price. The government cannot pick winners in energy and it can’t keep up with changes in energy markets and technology. It is total foolishness to think it can. The stimulus bill contains several health provisions that will remake the face of American medicine by controlling what doctors prescribe and their medical treatments. There are no long-term benefits in that direction, only very high costs, when older patients begin to be denied treatments, even when they are willing to pay for them out of their own pockets. At that point, I expect we will need one or more Samuel Adamses to create Committees of Correspondence. I have read that the stimulus bill commits more funds to education than the sum of the past ten years. Whatever the figure is, it is too big by its total amount. The government cannot produce high-quality education any better than it can maintain levees or bring aid to the inhabitants of New Orleans.

Michael Rozeff is really miffed!

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