Archive for June, 2013
Why Fight for King and Country?

There is something monstrously out of whack about going to war for a large nation state. I can understand why a man might take up arms in defense of himself, his family, his friends, perhaps even his neighborhood or his town. But once we get past the lived-in milieu, a man’s risking his life,...
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How Much Do We Spend on Healthcare?

At last count, the United States was spending more than $8,000 a year on healthcare for every man, woman, and child in the country. That’s more than $24,000 for a family of three, and it represents almost one-fifth of all consumption spending. Is it necessary to spend this much? If not, why are we doing...
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How Many Warnings Do We Need?

One would be hard pressed to look at these faces and think “Ooo, dangerous subversives,” yet that is precisely the picture President Obama would like to paint of these men and those like them who are trying desperately to call Americans’ attention to the very real fact that, as Thomas Drake, NSA contractor for...
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Problem Solved, No Government Program Needed

In a classic article, Stanford University professor Kenneth Arrow argued that the market for medical care is inherently flawed because of asymmetric information. In what follows, I am going to embellish on the argument, making it even more forceful than it was in the original text. My book, Priceless: Curing the Healthcare Crisis, offers...
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Hospital Pricing Strategies

CNN and Time Magazine discovered how hospital charges mounted for one family. Nurses pricked the patient’s finger for a glucose test 190 times. At $39 a pop that totaled $7,410. A breathing ventilator generated 32 separate bills, totaling $65,600. There were separate charges for the IV tube and for asking for a urine bottle....
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The Pro-Liberty Message in Man of Steel

I have pretty low expectations for Superman movies, so I was both impressed and pleasantly surprised to find myself entertained as well as see an important pro-liberty theme embedded in the movie Man of Steel. Leaving aside problems of excessively long special effects and a few plot holes, the 2013 version of the Superman...
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SCOTUS Decision Offers Hope to Farmers Wanting Economic Freedom

In addition to collecting information on your telephone and Internet activity, the federal government is collecting your raisins. Yes, you read that right. Since 1937, the federal government has forced raisin growers to hand over without compensation a percentage of their annual crop to a government-sponsored raisin marketing board, keeping this portion from consumers...
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The Stalinization of Amerika

In the immediate aftermath of 9/11, rather than hold accountable and roll the heads of the bunglers at the U.S. intelligence agencies who failed to follow up on multiple reports of possible terrorist activity, students learning to fly but not land, and possible hijacking plots, such as— In a memo from the Phoenix FBI...
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Hospital Care That Is Priceless

Something is wrong in the hospital marketplace. Government data released recently show that some hospitals in Dallas charge five times as much as other hospitals for the same procedures! This follows on the heels of a Time magazine/ CNN report, showing that hospitals routinely charge ridiculous prices for items and services: prices that bear...
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Robert William Fogel (July 1, 1926 – June 11, 2013)

Robert Fogel died a few days ago. He was a prominent figure in the academic economic history profession for five decades, virtually from the time he burst onto the scene with the publication of a polished-up version of his Johns Hopkins Ph.D. dissertation, Railroads and American Economic Growth, in 1964. This book was the...
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