Category: too much government

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free trade & free markets too much government

Doctoring on the Installment Plan

How does a successful doctor deal with patients lacking insurance? Dr. John Muney decided to offer a deal. For $79 each month he would service patients with unlimited office visits, some tests, and even in-​office surgeries — at all his AMG Medical Group centers.

Now, the deal’s not for me. I have insurance through work, and I also have a family, so that $79 would have to be multiplied by four. Real money. But for some people, I bet, this makes perfect sense. 

Yet, if government gets its way, no patient of New York’s five boroughs — where Muney’s clinics are located — need ever consider the good doctor’s innovation. Why? Because the state Insurance Department has declared his service a form of insurance and says it requires a license from the state.

What were you thinking, Dr. Muney? This is a free country, and … you can’t just do what you want, you know. 

Dr. Muney is fighting back. The application form for this contract has THIS IS NOT INSURANCE emblazoned on every page. He is challenging the bureaucracy’s ruling.

Once upon a time, doctors regularly engaged in this kind of pricing. Many doctors — perhaps most — engaged in pro bono work for the poor. Other had special rates, etc. But the American Medical Association pressured politicians to put an end to such competitive practices.

Thanks, AMA.

As for Dr. Muney, my thanks to you is not sarcastic. Hang in there.

This is Common Sense. I’m Paul Jacob.

Categories
national politics & policies too much government

Bailing Out of the Bailout

Freedom lovers would like to bail out of Washington’s endless bailout … that is, the government takeover of the economy.

The big spenders often won’t even debate the matter. Radio talker Rush Limbaugh is catching flak for saying he doesn’t want President Obama’s scheme to “work,” which sounds goofy until you realize that many of Limbaugh’s critics, including the White House, carefully ignore Limbaugh’s point. Economic upturn, great. Permanent loss of our freedom and permanent expansion of government, not great.

GOP congressmen aren’t exactly the most credible messengers when it comes to opposing massive new spending and intervention in the economy. But I’d rather see them repent and fight than repent and slink away in embarrassment.

Some Republican congressman are indeed fighting the good fight. And some of the nation’s GOP governors are too. Louisiana’s Bobby Jindal just turned down $100 million in bailout funds that he argues would result in permanently higher taxes for Louisiana businesses.

In a message distributed by Townhall, South Carolina Governor Mark Sanford notes that the trillion or more dollars “in so-​called ‘stimulus’ money … is really little more than a social policy wish  list of the Left.”

We live in dangerous and interesting times. The only wish list worth pushing, now, is establishing the economic ground rules — and Constitutional principles — that should have been guiding us all along.

This is Common Sense. I’m Paul Jacob.

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Accountability free trade & free markets too much government

Able to Raise Keynes

Recently on This American Life, economists told NPR listeners how the then-​upcoming stimulus bill would amount to the very first legitimate and full test ever of Keynesian ideas.

Sure, politicians have been using John Maynard Keynes’s notions as an excuse to deficit spend ever since the Great Depression. But then, Lord Keynes had wanted politicians to spend even more, more than they dared.

Now, President Obama and our Democratic Congress have decided to spend enough billions, or trillions, to really do the trick.

Switch to Larry King’s latest interview with Bill Clinton. Our former prez assured us that the stimulus bill “would do what it is supposed to,” and he mentioned three things, only one of them vaguely about stimulus. He said the bill was better seen as a “bridge over troubled waters.” 

Clinton said the real issue was declining asset values, which Congress would address later.

At Mises​.org, Stephan Kinsella asked how this could amount to Keynesianism. Clinton used a different lingo entirely. 

Here’s how: It’s not that the bill will give us Keynesian stimulus. It’s that it has stimulated politicians in the old, old Keynesian way. 

Congressional Democrats know that the stimulus won’t work. So they are preparing the spin now. From them we heard the official excuse for the bill. From Clinton, the future excuse. 

Politicians know zip about the economy. They just know how to spend our money. And our great, great, great grandchildren’s.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets national politics & policies term limits too much government

Ears Burning

At the recent World Economic Forum, Russian Prime Minister Vladimir Putin warned of our government’s flirtations with socialism, that is, a state-​run economy.

Trying not to “gloat,” Putin told the U.S. that “Excessive intervention in economic activity and blind faith in the state’s omnipotence” is a “mistake.” He reminded listeners that state control of the old Soviet economy made the nation “totally uncompetitive.”

Putin then lectured us not to “turn a blind eye to the spirit of free enterprise.”

But why isn’t Putin lecturing Venezuela? That Latin American state’s president, Hugo Chavez, is a classic strong-​arm socialist, marshaling the power of the state, as well as gangs of supporters, to threaten and intimidate his political opponents.

As with any wannabe dictator, Chavez has sought to dismantle term limits. Just 14 months ago, voters rejected his first attempt. But Chavez, having consolidated his hold on the media and other institutions, came right back with another vote to end the limits. This time he won. He can now serve for life.

Only in South America? No. New York City Mayor Michael Bloomberg recently voided his own term limits. And he didn’t even bother to allow a public vote on the issue. So, who’s the more anti-​democratic, Chavez or Bloomberg?

When foreign tin-​horn dictators start making as much or more sense than our own politicians, well … it’s long past time for us citizens to make serious changes.

This is Common Sense. I’m Paul Jacob.

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First Amendment rights free trade & free markets too much government

Absurdity Then, Absurdity Now

There’s a famous quip by one English intellectual about another. “Oh, you know what so-and-so’s idea of a tragedy is: A beautiful theory killed by an ugly fact.”

Well, don’t I know it.

I wrote a column, recently, for Townhall​.com, entitled “The Buxom Bailout Babes of the Umpteenth Brumaire.” In it I noted that while the Great Depression was a tragedy, today’s economic debacle, though a repeat of it, is more farce. To demonstrate its farcical nature I noted that some people are seriously talking about bailing out the newspapers, which have hit hard times.

And nothing, I assured my readers, could be more absurd than that. The point of having newspapers is to be critical of government. To have government support them would turn them into worse propaganda rags than they now are.

The trouble with this? Well, FDR, way back in the tragedy, also subsidized newspapers. Well, at least one.

Bailouts weren’t exactly the main thrust of the New Deal, but they happened. And, like most political acts, they were politically motivated. FDR was worried about Philadelphia, which was solidly Republican. The Democratic newspaper was failing.

So he bailed it out.

Simultaneously he set the IRS on the publisher of the Republican newspaper. In the next election, the area turned Democrat.

Here’s one theory that won’t be disproven: In government, it’s politics that matters.

This is Common Sense. I’m Paul Jacob.

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Accountability Common Sense free trade & free markets too much government

New Prez Pleads for Common Sense

I like a president who pleads for common sense.

Here’s the story, headlined in the New York Times: “Obama Calls for ’Common Sense’ on Executive Pay.”

The president announced a salary cap for top executives working for companies garnering the greatest gobs of booty under the most recent federal bailout. The cap? Half a million bucks.

President Obama allayed a few qualms, right away. He said that “This is America, we don’t disparage wealth.…” And he said, “we certainly believe that success should be rewarded.”

But he does talk about the “height of irresponsibility” in Bush administration bailouts, with execs taking huge bonuses after running their companies into the ground. Who wasn’t sickened by this? Obama sees it as common sense to make sure we don’t reward massive failure with the usual rewards of success.

Still, America is also about respecting contracts. Those corporations had negotiated very explicit contracts with their execs regarding the big bucks. And — surprise, surprise —  Congress wrote up the law on the gargantuan bailouts without requiring those contracts be renegotiated.

And consider: Do we really want our politicians setting non-​government salaries?

This is all a side issue, though. Take the bailouts themselves. Where’s the common sense there? They do reward failure. They will not help the economy. If our leaders had acted according to common sense, the whole salary issue wouldn’t even have come up.

This is Common Sense. I’m Paul Jacob.