Hey, I have an idea. Let’s spend hundreds of billions–nay, trillions–on fighting poverty and fail completely.
Thomas Sowell: “In the political language of today, people who want to keep what they have earned are said to be ‘greedy,’ while those who wish to take their earnings from them and give it to others (who will vote for them in return) show ‘compassion.’”
The left’s economic position today is that we have to spend our way to riches. The theoretical justification for this position is Keynesianism. But history has not been kind to Keynes’s theory. Nor has logic.
“Big carrots are designed to encourage big, if disciplined, risk-taking. The money itself is negligible on a shareholders’ bottom line. That’s why boards haggle more with CEOs over shaping the incentive than trimming nickels and dimes from the dollar amount. And, lo, the dynamism of the U.S. economy is not unrelated.”
Not enough Americans are on food stamps. The government thinks so, anyway. “The U.S. Department of Agriculture has been running radio ads for the past four months encouraging those eligible to enroll. . . . The department is spending between $2.5 million and $3 million on paid spots, and free public service announcements are also airing.”
The FDA is not only reducing the number of new drugs but is a major cause for the shortage of certain existing injection drugs, many of which are generic. The list has grown to more than 200 live-saving drugs that are in short supply and causing deaths in the U.S. today (google it). Little known is the extensive control that the FDA has assumed over any production facilities for drugs sold in the U.S. Each facility must be approved before production begins and any change, even changes in the quantity of production, must be approved before hand. What with the price caps on drugs in most of the world, the fact that the some of the distressed countries in Europe aren’t paying for their prescription drugs (a benefit of the single payer system), and the extensive regulation, it is somewhat amazing that drugs are produced at all.
4 Comments to “Brain Food”
Several of your links here are “mailto:”
Again??? Sorry! Fixed.
The FDA is not only reducing the number of new drugs but is a major cause for the shortage of certain existing injection drugs, many of which are generic. The list has grown to more than 200 live-saving drugs that are in short supply and causing deaths in the U.S. today (google it). Little known is the extensive control that the FDA has assumed over any production facilities for drugs sold in the U.S. Each facility must be approved before production begins and any change, even changes in the quantity of production, must be approved before hand. What with the price caps on drugs in most of the world, the fact that the some of the distressed countries in Europe aren’t paying for their prescription drugs (a benefit of the single payer system), and the extensive regulation, it is somewhat amazing that drugs are produced at all.
The first link is broken. This works:
http://www.nytimes.com/2012/06/17/magazine/so-you-think-you-can-be-a-hair-braider.html