Posted tagged ‘Prager University’

How Would Government Run Single Payer Healthcare Work? Look At The VA.

April 19, 2017

The VA is a government-run single payer healthcare system. It is a disaster. Obamacare is the last step before you get to a government-run single payer system. Here is a video from Prager University (here) which outlines the failure of our government-run single payer system known as the VA. Obamacare is going to suffer the same failure.

OUR CHOICES ARE?

The only way to lower the cost of healthcare is to repeal all 2500 pages of the Affordable Care Act (aka Obamacare). If we truly want the lowest possible costs, we should repeal every piece of legislation related to healthcare that has been passed in the last 100 years. A majority of people believe something as complex as our healthcare system has to be managed or regulated from the top down by experts (government experts). They can’t fathom a complex order created spontaneously from bottom up decisions made by individual consumers and producers (a market). The difficulty in understanding an abstract concept like spontaneous order, allows politicians and bureaucrats to pass top down concrete planning. Seeing a plan spelled out, no matter how complex, is easier to believe than someone not being able to show what a spontaneous complex market order would look like.

2014 VA SCANDAL

Remember the 2014 VA scandal? We wrote about what was taking place in VA hospitals in this article titled Incentives Matter (here). Here is an excerpt from the 2014 article: “The incentives and constraints transmitted through the market, are totally different from the incentives and constraints transmitted to bureaucracies. In the market the incentive is to provide what the consumer wants. A bureaucracy is a monopoly on a particular service, which means the person using the service is an annoyance rather than someone who has to be pleased……Firing Eric Shinseki and replacing him with a better “angel” won’t solve the problem, {if the problem is making sure the veterans are being taken care of}, because the incentive structure will remain the same.

INDIVIDUAL DECISIONS vs. GOVERNMENT SOLUTIONS

The Republicans failed repeal and replace bill was not much different from Obamacare. The truth is Republicans like the idea of government-run healthcare. They just like their version better than the Democrats version. Only decisions by consumers and producers of healthcare, made free of government coercion, will lower costs.

The 30 or so congressman in the Freedom Caucus are the only members of the House who want to get rid of government-run healthcare. All Democrats want Obamacare to stay as written. All Republicans, except the 30 in the Freedom Caucus, want Obamacare lite. The congressmen in the freedom caucus are all that stands between a permanent government-run single payer system and the possibility of a free market healthcare system.

Related ArticleHealthcare: Market Solutions vs. Government Decrees, at austrianaddict.com.

Related ArticleSpontaneous Order = Free Market, at austrianaddict.com.

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Is There A Wage Gap Between Men And Women?

April 4, 2017

The ‘gender pay gap’ is a myth which has been spread for years. I have been reading about this ‘fake cause’ since I can remember. In 1984 Thomas Sowell covered this topic in chapter 5 of his book “Civil Rights: Rhetoric or Reality”.

Here is a Prager University video by Christina Hoff Sommers explaining the statistical fudging that takes place when the gender pay cause becomes bigger than the truth.

THOMAS SOWELL  addresses this topic in my article: “The ‘Equal Pay Day’ Canard” .

In this article titled: Equal Pay Day Is An Annual Event That Spreads Statistical Misinformation About The Gender Pay Gap, by Mark J. Perry, at carpediemblog, Mark J. Perry says choices made about hours worked, type of work, and marriage and motherhood are three of the deciding factors on how much a person is paid. Women and men make different choices in these three areas. When you compare men and women who make the same decisions the wage gap is negligible.

Mark J. Perry’s article titled: “Equal Pay Day’ This Year Is April 4th – The Next ‘Equal Occupational Fatality Day’ Will Be On January 21st 2029, shows how men work in riskier jobs than women. Thirteen men die while working on the job for every one women who dies on the job. Riskier jobs pay more. Choices have consequences.

Ignorance Perpetuates This Myth.

Supposedly smart people are ignorant when it comes to the gender pay gap. Here are two articles showing this ignorance.

The Chief Operating Officer Of Facebook Appears Clueless When It Comes To The Wage Gap, at economicjournal.com.

Ivanka Wage Gap Ignorance, at economicpolicyjournal.com.

We don’t have to be ignorant about issues like this. All we have to do is look beyond the rhetoric of the people pushing the cause.

Prosperity Comes From Free Markets Not Government Planning

January 26, 2017

Thomas Sowell said: “The first rule of economics is scarcity. There is not enough to satisfy what everyone desires. The first rule of politics is to ignore the first rule of economics“. When individuals are free to decide what to produce, consume, exchange and save according to their subjective valuations, inside this world of scarcity, the result is a higher standard of living with the least amount of waste and a high degree of individual want satisfaction. Government economic planning creates a lower standard of living with a high amount of waste and a low degree of individual want satisfaction.

Here is a video from Prager University (click here) giving some examples of why free markets are better than Government planning.

 

TRUMP’S MARKET INTERVENTIONS

We should be pushing back when Trump talks about trade barriers, to save or bring back ‘American’ jobs, and infrastructure spending. These are government interventions into the free market and we know what the results will be: 1) an over all lower standard of living, 2) a waste of resources, labor, time and capital, 3) less want satisfaction.

Tariffs save some jobs at the cost of higher prices for consumers. The money used by consumers to pay the higher prices can’t be used in other areas of commerce. This ultimately means more net jobs are lost than saved by tariffs. Unfortunately the jobs saved are seen and the jobs lost are unseen as Bastiat wrote about in the 1800′s.

Every dollar “invested” by Government is first taken from the private sector. In other words the individuals subjective value on how to he will use what he has produced, is replaced by the subjective valuations of bureaucrats on how they will use what they didn’t produce. What happened to all the infrastructure spending in Obama’s $900 billion ‘American Recovery and Reinvestment Act’ of 2009? Remember Obama saying, “Shovel ready was not as shovel ready as we expected.”

 

Related ArticleLOVE  “GOV”, at austrianaddict.com.

Related ArticlePrivate Property vs. Collective Ownership: One Deals With Scarcity Better Than The Other, at austrianaddict.com.

Related Article – ‘CAR WARS’ Return Of The Jitneys, at austrianaddict.com.

Prager University: Democratic Socialism Is Still Socialism

December 14, 2016

Capitalism or Socialism - Traffic sign with two options - socialist centralized economic planning or capitalist liberated free market

Socialism is defined as Government owning the means of production. In a Capitalist economic system, the means of production are owned by individuals. Many systems today try to have a delicate balance between these two systems. They are similar to the economic Fascism that existed under Mussolini in Italy where the means of production are still owned by individuals, but Government politicians and bureaucrats make rules and regulations on how these means are to be used, as well as taxing away a high percentage of profits.

If a country is in the middle between Socialism and Capitalism the important question is; which direction is it headed? Is a country moving toward more economic freedom or toward more government central planning. The U.S. has been traveling, at varying speeds, down the road toward more central planning since the 60’s, with the accelerator pressed to the floor in the last 8 years.

This past election was a response to what has happened in the last 8 years. Lets hope Trump and Congress want to turn around and head in the direction of more economic freedom. But I wouldn’t count on it. I just hope they take their foot off the accelerator.

DEMOCRATIC SOCIALISM IS STILL SOCIALISM

Steven Crowder looks for the differences between Democratic Socialism and Socialism in this video from Prager University. Even though a majority of people vote for (sanction) this system, it doesn’t change the reality that it doesn’t work.

In 1848 Alexis de Tocqueville wrote this about Democracy and Socialism:

Democracy extends the sphere of individual freedom, Socialism restricts it. Democracy attaches all possible value to each man, Socialism makes each man a mere agent, a mere number. Democracy and Socialism have nothing in common but one word: Equality. But notice the difference. While Democracy seeks equality in liberty, Socialism seeks equality in restraint and servitude.”

 

Here are some statements about Socialism.

Paul Craig Roberts: “We should all be thankful to the Soviets, because they have proved conclusively that Socialism doesn’t work. No one can say they didn’t have enough power or enough bureaucracy or enough planners or they didn’t go far enough.”

F. A. Hayek:There can be no doubt that the promise of greater freedom as become one of the most effective weapons of socialist propaganda and that the belief that socialism would bring freedom is genuine and sincere. But this would only heighten the tragedy if it should prove that what was promised to us as the road to freedom was in fact the high road to servitude.

Ludwig von Mises: “Men must choose between the market economy and socialism……Some agency must determine what should be produced. If it is not the consumer by means of demand and supply on the market. It must be the government by compulsion.”

F. A. Hayek: “Planning, or central direction of economic activity, presupposes the existence of common ideals and common values; and the degree to which planning can be carried is limited to the extent of which agreement on such a common scale of values can be obtained or enforced.”

 

Related ArticleWhy Socialism Won’t Work, at austrianaddict.com.

Related ArticleMilton Friedman – “Socialism is Force”, at austrianaddict.com.

Related ArticleDrifting Toward Fascism, at austrianaddict.com.

Related ArticleDoes Socialism Make People Selfish? at austrianaddict.com.

Related ArticleSocialism Sounds Great, at austrianaddict.com.

 

Government Busybodies Are Crushing Small Business

September 29, 2016

Cafe owners in front of shop

Small business is the backbone of the American economy. Small business is where over 60% of new jobs come from. Small businessmen are risk takers who are willing to learn from the process of trial and error. New ideas and innovation comes from small business, not the status quo.

The status quo wants to protect their position in the market. They lobby Government to pass laws make it difficult (costly) for competitors (small business) to enter the market.

People think Government regulations like minimum wage laws and Obamacare are like throwing life savers to employees. But in reality these regulations are anvils thrown to small businesses, many of whom are treading water. If a small business goes down because of government regulation, the employees also go down.

Here is a video from Prager University titled: What’s Killing The American Dream?

It talks about how Government is making it more and more difficult for small businesses to survive.

 

Ronald Reagan said: “The nine most terrifying words in the English language are: “I’m From The Government And I’m Here To Help“. How true.

Related Article“I’m From The Government And I’m Here To Help“, at austrianaddict.com.

Related ArticleGovernment Intervention Stifles Real Job Creation, at austrianaddict.com.

Prager University: Every High School Principal Should Say This

September 7, 2016

 

This video from Prager University titled: Every High School Principle Should Say This, would be a great start in reeducating students into understanding that they are an individual and not member of a group.

Unfortunately there are not many, if any, principles who would give a speech like this in today’s PC world. So it is up to us to spread the word.

If you are offended by this video, look in the mirror.

 

THE LESSON FORM THE VIDEO

Our Constitution was set up to protect Individuals from the force of government. The Constitution lists the specific powers government can exercise, but the rights of the individual are not limited to the ones listed in the Bill of Rights.

The Constitution draws a battle line between Individual sovereignty and government force. The Individual has rights, groups do not. One of the reason for the political turmoil that exists in America today is we have been duped into believing that you have rights as a member of a group and not as an individual.

Politicians have effectively split us up into various groups and made each group an enemy of the other. This allows them to act as if they are above the fray, riding in on their white horse to provide solutions to the friction that they fomented.

You have to understand your real enemy are politicians and bureaucrats using the force of government to take away your individual rights. This makes sense only if you think of yourself as an individual instead of a member of a group.

 

Related ArticleIndividual Liberty Is The Least Contentious Way Of Settling Differences, at austrianaddict.com.

Related ArticleWalter E. Williams Talks About Individual Liberty, at austrianaddict.com.

Related ArticleJuly 4th: What Does Independence Mean? at austrianaddict.com.

Does Socialism Make People Selfish?

July 26, 2016

Since the Democrat convention starts this week, I thought I would talk about the guiding principle of their Party which is Socialism. Although I probably could have posted this last week judging from some of the “highlights” I saw from the Republican convention.

As a coach, my most difficult task is to get each member of our team to think of the team first and himself second. Have you heard the old adage, “there is no I in TEAM? It’s an adage because it’s true! The reason it’s difficult to mold a group of people into a team is because humans are selfish by nature.

The video below, by Prager University, is titled “SOCIALISM MAKES PEOPLE SELFISH”.

I’m going to disagree a little bit with the title, although this may be just a distinction without a difference.

If people are selfish by nature. And socialism incentivizes selfish behavior. Than socialism doesn’t make people selfish as much as it allows their natural selfishness to flourish.

Here is a quote that sums up the differences between capitalism and socialism.

Capitalism is an economic system for devils, of which there are many. Socialism is an economic system for angels of which there are few.”

In a free market capitalist system selfish individuals have to first produce something that other people want in order to receive what they want in return. Give before you receive. Free market capitalism incentivizes the golden rule.

Watch the video narrated by Dennis Prager.

 

In this article, The Problem With Socialism, Thomas DiLorenzo states the definition of socialism as “government ownership of the means of production“. Government politicians and bureaucrats figured out that production was a difficult task that is best left to entrepreneurs. So “the means to the socialist end evolved into government enforcing redistribution of income through the welfare state and the progressive income tax“. So in Robin Hood fashion, they decided to rob the producers of their property and redistribute it to the poor. Even though Robin Hood actually reacquired and gave back the property the tax collectors stole from the producers.

Here is an excerpt from the article: “As Mises wrote in his own classic on Socialism, socialists have always employed a dual strategy: 1) nationalize as much private property as possible: and 2) “destruction” or the destruction of as much of the private property/ free enterprise society as possible with taxes, regulation, inflation.

 

Related ArticleWhy Socialism Won’t Work? Human Nature, at austrianaddict.com.

Related ArticleMilton Friedman – Socialism Is Force, at austrianaddict.com.

Related ArticleSocialism Sounds Great, at austrianaddict.com.