ObamaCare Rage

“Barack Obama is a lying sack of garbage.” That was the exact sentence that went through my head when I opened my mailbox and saw the following message from my health insurance company. Soon most health plans must comply with the Affordable Care Act (ACA) benefits that begin in 2014. Your employer will be reviewing […]

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The Bitcoin Experiment

I just came across a column from British financial commentator Liam Halligan that is one of the most terrifying things I’ve read in a while. It is nominally about the rise of Bitcoin, a recently invented “stateless” digital currency—but it is really about the decline of the big, traditional state-backed fiat currencies, most particularly the […]

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Ten Lessons of ObamaCare

President Obama is still trying to downplay the launch failure of ObamaCare as if it were just a few glitches on a website. No, it’s much more than that. It is a timeless demonstration of the failure of central planning, government regulations, and the entitlement state. It is a failure so total, so comprehensive, and […]

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Information-Age Philosopher-Kings

The award for Whiner of the Week goes to Salon’s Joan Walsh, who penned a water-carrying piece denying the disastrous launch of ObamaCare. She then hyperventilates about the response. I wrote a piece asking liberal critics of the ACA’s Web problems to take a larger perspective, and not rush to join the [semi-expurgated obscene word] […]

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Suicide Watch

Regular readers know that I don’t go in for the whole “civilization is collapsing” line of pessimism. This is 20th Century Lite, not the fall of Rome. But there are a few exceptions where that level of alarm is merited, as with the ruins of Detroit. Here is another such example: the rise of “Muslim […]

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The Broken Truce

Greetings from the scene of a farce. Next week, if the polls are accurate, my state of Virginia will react to the alleged corruption of its sitting governor by electing Terry McAuliffe, an even more corrupt political fixer and “crony capitalist.” How did this happen? I really like the Republican candidate Ken Cuccinelli, who is […]

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Undemocratic “Democracy”

A major theme of my work—which I will be focusing on much more in the future—is the basic incompatibility of economic controls and political freedom. In short, there is no such thing as “democratic” socialism, because government control of the economy always requires taking power from the governed and giving it to an entrenched elite. […]

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An Internship in Economics

For the past few years, there has been a campaign building against the use of unpaid corporate interns. It’s another little episode of middle-class Marxism, in which the college-educate bourgeoisie starts to bang on as if they were oppressed proletarians. The actual economic role of internships is pretty obvious. They offer a way for young […]

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20th Century Lite

In my RealClearPolitics newsletter, I linked to a commentator at a left-leaning publication—Slate’s John Dickerson—calling for a “healthcare.gov witch hunt.” It was an unusual recognition, or semi-recognition, that ObamaCare’s explosion on the launch pad may have some wider implications about what happens when the government sets out to manage the economy. [T]here are big national […]

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Star Trek Economics

I’ve been planning to do a follow-up to my recent article on Atlas Shrugged as a historical novel by writing about those aspects of Atlas that haven’t dated and are most relevant in today’s context. Just scanning the news will give you plenty of examples, including this one, a report in the leftist online magazine […]

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