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Daily Archive for January 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

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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