tag:blogger.com,1999:blog-3461503364269187599.comments2019-09-22T05:42:46.412-07:00Diversity of IdeasTim Mitchellhttp://www.blogger.com/profile/05912145691084274512noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-3461503364269187599.post-54194746765670005482018-07-31T11:14:14.180-07:002018-07-31T11:14:14.180-07:00This comment has been hidden from the blog.Tim Mitchellhttps://www.blogger.com/profile/05912145691084274512noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-23576027089020417622017-05-25T08:58:25.430-07:002017-05-25T08:58:25.430-07:00This comment has been hidden from the blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-51366092505865042692017-05-25T08:47:47.205-07:002017-05-25T08:47:47.205-07:00Seeing as how nothing is ever 'free', it&#...Seeing as how nothing is ever 'free', it's not correct to say one has a 'right' to healthcare. A person cannot have a right that infringes upon someone else, or forces them to perform a deed/action/contribution against their will. i.e., my 'Rights' can't take away from others' 'rights'.<br /><br />One of the biggest issues we face in the U.S. today is this contention that we all should have 'rights' which rely upon others to do things for us. It's sickening (but hey, I've got 'free' healthcare!)Anonymoushttps://www.blogger.com/profile/00803325930568519827noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-43948706601421864822016-04-15T00:47:39.269-07:002016-04-15T00:47:39.269-07:00Considering your views on Keynes and the classical...Considering your views on Keynes and the classical economists I think you will find the following link interesting. It lays out the real classical theory of the trade cycle.<br />http://gerardjackson.com/the-real-classical-school-theory-of-the-trade-cycle-2/<br />Greg Byrnehttps://www.blogger.com/profile/07450021279137150760noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-62632368133794857872016-04-14T12:34:03.046-07:002016-04-14T12:34:03.046-07:00This is the essence of the criticism of Keynes tha...This is the essence of the criticism of Keynes that Steve Kates helped me to understand, and you have now beautifully summarised. Thank you. <br /><br />Is it fair to say that fear in the marketplace is otherwise stated as greater uncertainty about the future? And this uncertainty makes investors and entrepreneurs unsure as to how best to allocate their capital? <br /><br />Use of the word fear could imply that people act irrationally at such times, whereas I think people continue to make sensible decisions but with a new perception about the future. <br /><br />Moreover, with fear as a cause, might governments be more inclined to try radical measures like zero interest rates or helicopter drops?Danger Mousenoreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-55028892341277661332014-08-14T08:50:18.252-07:002014-08-14T08:50:18.252-07:00Great post David- love the content! - EileenGreat post David- love the content! - EileenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-19731925613932924802014-03-17T07:33:49.411-07:002014-03-17T07:33:49.411-07:00The issue with this is that unlivable wages are su...The issue with this is that unlivable wages are subsidized by the government. Company X pays John 60% of his income and the Government pays John the other 40%. The tax payer picks up the burden which ALLOWS John to take the job. Now, if John weren't able to get the additional 40% from the Governement, would he really accept the offer? I am not saying this means we should raise min. wage, however your example is without question not a true representation of a free market due to gov't assistance. JoeBragahttps://www.blogger.com/profile/03697546623066505717noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-70522945170509791822014-03-16T17:16:38.484-07:002014-03-16T17:16:38.484-07:00Nice David!Nice David!Christopherhttps://www.blogger.com/profile/04051573738715535184noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-59907211794096896562014-02-21T22:22:49.911-08:002014-02-21T22:22:49.911-08:00Hi John,
The point I raised does not assume anyth...Hi John,<br /><br />The point I raised does not assume anything about health insurance markets; it is merely an observation of human nature: When working more earns less (as it would for people on the lower end of the pay scale, who would lose "free" health insurance if their income went up), it encourages economic stagnation. <br /><br />Further, I agree the health insurance market reeks of adverse incentives. But the proper thing would be to repeal or reform them (such as employer-provided insurance, for instance), which would expand choice as you and I desire, without creating yet another perverse incentive, as Obamacare does here.David Weinbergerhttps://www.blogger.com/profile/08970717387996912586noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-56219465733198299072014-02-21T14:08:43.964-08:002014-02-21T14:08:43.964-08:00This comment has been hidden from the blog.Tim Mitchellhttps://www.blogger.com/profile/05912145691084274512noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-45312819535569970252014-02-21T10:37:43.497-08:002014-02-21T10:37:43.497-08:00David,
You say that the Affordable Care Act amoun...David,<br /><br />You say that the Affordable Care Act amounts to "misaligning incentives, which yield choices that undermine individual and societal well-being." But this seems to assume that the health insurance market was without adverse incentives to begin with. That's obviously not true.<br /><br />Tim's point is to say that one of those adverse incentives is to accept a job with a company simply because it offers health insurance (Tim calls this job lock). But now that Obamacare offers people the ability to purchase subsidized insurance on the individual market, (which was previously too expensive) that adverse incentive is eliminated. You say that's bad because it distorts people's freedom to make the best choices for themselves, but it seems to me to be a net improvement in freedom of choice over the system we had before.Johnnoreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-86890749158703533872014-02-19T20:00:04.236-08:002014-02-19T20:00:04.236-08:00This comment has been hidden from the blog.Kris Andersonhttps://www.blogger.com/profile/10954438589208652335noreply@blogger.comtag:blogger.com,1999:blog-3461503364269187599.post-68140111194465446342014-02-19T17:51:06.501-08:002014-02-19T17:51:06.501-08:00LOVE this. Fantastic post. LOVE this. Fantastic post. Eileennoreply@blogger.com