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Daily Archive for January 24th, 2011

The Rule of Law, Obama Style

Posted in Government Gone Wild on Jan 24th, 2011

HT to Nelson Furlano. Three local chapters of the Service Employees International Union (SEIU), whose political action committee spent $27 million supporting Barack Obama in the 2008 presidential election, have received temporary waivers from a provision in the Obamacare law. … HHS gave a waiver to Local 25 SEIU in Chicago with 31,000 enrollees on Oct. 1, […]

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The Failure of Socialism

Posted in Socialism on Jan 24th, 2011

Socialism doesn’t work for two reasons (at least). Such a system gets incentives wrong and it cannot aggregate and produce information. Academic debates on these points have been hashed out for nearly a century now. When the Austrians were writing their academic critiques of socialism in the early half of last century (edited: thanks jvb) […]

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