Anonymous Demon

Here are two articles you should read.

In some ways, then, a worsening system of medical provision is only the beginning of the downside of universal health insurance. The unseen costs include inflation down the line, worsening business cycles, and, quite possibility, the final destruction of the dollar and the wiping out of all private wealth.

Read more: Healthcare Intervention: The Bigger Picture

He dwells only on what he would have the state do for the people. Where, then, are the prohibitions? The program he favors would cost X hundred million dollars annually. From where come these millions? The state has nothing except that which it takes from the people. Therefore, this man favors that we be prohibited from using the fruits of our own labor as we choose in order that these fruits be expended as the state chooses.

Read more: Find the Wrong, and There’s the Right

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A little levity for the Keynes vs. Hayek debate.

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The soon-to-be currency crisis will cause us to rethink money. The collapse of the U.S. dollar could be our chance to break the chains of our boom-bust cycle and implement sound monetary policy. The opposite is also true. We could replace one broken system with another.

Democratic representative Dennis Kucinich sponsors a bill called the American Monetary Act. On its face, the act would “strip the banks of their privileges and put the money power back into the hands of the people through their elected representatives; it would break the bankers’ secretive monopoly racket, which enables them to pay out billions in bonuses while ordinary people suffer” (mises.org). Looking deeper, the act may get us out of difficult times for the short run but is just another step down the path of big government, less freedom, and more economic toil. Read the article that takes a deeper look at the American Monetary Act at mises.org.

The coming collapse represents both great danger and great opportunity. We have a chance to fix fundamental flaws with the current system but we’ll have to stay alert to avoid supporting a new system that doesn’t work.

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