Entries from August 2009 ↓

The Public Option

“Dissatisfied with government-run health care, the rich will exit the system. The poor and middle-class will be left to flounder alone inside the public system. Government-run health care will become like the public schools.”

- RONALD DWORKIN

Cash For Clunkers Creates No New Net Economic Activity

“Yes, giant government subsidies for new car purchases have led to many more new car sales.  But that doesn’t mean that the program has made a net contribution to economic activity.  All that the program did was divert economic activity from one area to another or from one time to another. The increase in new car sales comes at the expense of used car sales, new car sales in the future, and the purchase of other goods and services.  There is no free lunch.”

- Jay P. Greene