by Sam Mitchell | Sep 11, 2018 | Government, Markets, and You
The American left, which now dominates the Democratic Party, thinks it has a sure-fire winner in its advocacy of a single-payer system for America. Under single-payer, government becomes the sole source of reimbursement for health care services. Federal bureaucrats...
by Sam Mitchell | May 21, 2018 | Government, Markets, and You
Socialism is a failure – but popular. Capitalism is a success — but unpopular. Why? Socialism always and everywhere eventually has ended up creating economic stagnation and loss of freedom. The more aggressively it has been tried — think the old Soviet Union and Mao...
by Sam Mitchell | Apr 27, 2018 | Government, Markets, and You
James Lee Burke in his novel, Robicheaux, reminded me of something none of us should ever forget, “People are what they do, not what they think, not what they say.” The same is true for government policies and economic systems. What counts is how they perform, not how...
by Sam Mitchell | Apr 14, 2018 | Government, Markets, and You
John Maynard Keynes, whose wrong-headed ideas dominate economic policy making almost everywhere, did get this right: “Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency… Lenin was certainly right. There is...
by Sam Mitchell | Apr 4, 2018 | Government, Markets, and You
In this post I argue that you should pay attention to someone only if he personally gains or loses, depending on whether what he says proves true, and in this post I opine that there is a serious economic train wreck in our future. If I am not acting according to my...
by Sam Mitchell | Mar 28, 2018 | Government, Markets, and You
Fans of the Trump tax (TTC) cut believe it will stimulate economic growth. Their belief is not supported by arithmetic and history. According to David Stockman, who was Reagan’s Budget Director, The impact of the Trump cuts is trivial when compared to that of the...
