How Romney Could Kill the ObamaCare Repeal Movement

Just as John McCain was able to win the Republican nomination in 2008 despite his problems with the conservative base, Romney may be able to overcome his health care record in the primaries. And perhaps there are circumstances under which he could beat Obama by emphasizing economic and foreign policy issues. But win or lose, Romney would not be able to credibly campaign against the national health care law. And as a result, were he the Republican nominee, it would kill the movement to repeal ObamaCare.

Read the whole thing

The Central Economic Fallacy of the Century

Unfortunately, society’s intellectual, political, and economic “mainstream” still accepts what should be called the Central Economic Fallacy of the Twentieth Century. The “mainstream” just doesn’t get it. Thus, we continue to see a basic progression. First, government subsidizes x or regulates y to correct for some government-diagnosed problem z. Unwanted side effects result, and z, assuming it exists, often grows worse. Government intervenes again to fix the side effects and redouble its efforts to battle z. More undesirable side effects result. And the process continues, with government growing inexorably as interventions accumulate. More and more of the economy is micromanaged through increasing webs of subsidy, regulation, and quick fix. The logical end result, as Ludwig von Mises [Mises.org] has shown in great detail, is socialism.

Read the whole thing