Category Archives: Political Commentary

Business, Economics, Political Commentary

An Open Letter To Two NPR Reporters

3 Comments

Worth reposting here:

Ms. Chana Joffe-Walt and Mr. David Kestenbaum
All Things Considered
National Public Radio

Dear Ms. Joffe-Walt and Mr. Kestenbaum:

Your excellent February 26, 2010, report on the history of how government officials chose the different methods that Medicare has used over the years to determine doctors’ pay is frightening because…

… in your report, Joe Califano, a chief architect of Medicare, admits that the first method of determining doctors’ pay was chosen for political reasons, namely, to buy doctors’ support for Medicare.

… you report that Mr. Califano, LBJ, and Congress were genuinely surprised by the rapid cost increases sparked by this first method.

… you reveal that much of the treatment that Medicare paid for was previously provided free by physicians; that is, Medicare crowded out a sizable chunk of private-sector philanthropy.

… you tell how attempts to change this first method of paying doctors were deeply influenced by skilled lobbyists working on behalf of doctors.

… in describing the development of the method currently used for determining doctors’ pay, you (perhaps without realizing it) reveal that this current method is the product of a comically childish labor-theory-of-value analysis – the same sort of analysis that is at the foundation of Marxian economics.

… your report ends with the admission that, because the current method isn’t working so well, Uncle Sam – 45 years after Medicare was launched – is still searching for a sound method for determining physicians’ pay.

Given this history, what reason is there to suppose that Obamacare is a good idea?

Sincerely,
Donald J. Boudreaux
Professor of Economics
George Mason University
Fairfax, VA 22030

Because this time, it will be different.

Media Criticism, Political Commentary

A Response To Frank Rich’s Latest Vile Slander

6 Comments

“If Our Colleges And Universities Do Not Breed Men Who Riot…”

As noted, one of the left’s distinguishing features is to continually rewrite its own violent history, and attribute it and project it onto others. In addition to the slander, it also creates a continual amnesia, or ahistorical attitude on the part of new adherents to it who are so mistaught the history.

Political Commentary, Space

Walt, Walt, Walt…

18 Comments

Sigh…

I admire Walt Cunningham as a hero of Apollo, but it’s hard to do so as a policy analyst. The very title of his opinion piece is nonsense:

We must not discard greatest innovator in history

Presumably he’s talking about NASA, and specifically the human spaceflight program. But in fact, due to risk aversion, it is probably the least innovative technology program going, with “Apollo on Steroids” the most prominent and recent example. I’d wager that we get more innovation out of Silicon Valley in a month than we have from the entire history of the human spaceflight program. He expands in the first paragraph:

Continue reading Walt, Walt, Walt… →

Political Commentary

What A Surprise

32 Comments

The president doesn’t understand how insurance works. It seems he’s just as ignorant about it now as he was when he was a kid. I’d have laughed at him, too. I still do. Or would, if he weren’t running the country.

[Update monday morning]

More (amusing) thoughts from Tom Maguire:

Obama apparently blundered to the common (and thriftier) conclusion, since no one buys collision on a junker.

However, months later he realized that paying more for collision would have been a great idea, so history is re-written. It is now due to ACME’s rapaciousness that they are unwilling to right this wrong and write him a check. And they laughed! Surely Chait can hear the racial overtones there! After the laughter died they should have explained to the college grad that he could file a third-party claim against the other driver, assuming Obama was not at fault, but that also may have been too confusing.

Well. If even Obama can be duped by greedy insurers into saving his money and taking a sensible risk, what hope do the rest of us have? Surely we need these new health insurance mandates to make sure both that we buy policies and that the policies we buy have everything we need, not just everything we (stupidly think we) want.

I find the condescension and arrogance of these “brilliant” “liberals” insufferable.

Political Commentary, Space

Prospects For Constellation Resurrection

26 Comments

Clark Lindsey has some realistic perspective:

After the noise dies away from the hearings on the NASA budget, the harsh reality of NASA’s limited budget is going to sink in with Congress just as it did for the Augustine panel when they started to look at the numbers. Constellation just won’t fit. You can’t fly the ISS, keep all those Shuttle workers employed and proceed with Ares/Orion. Shelby et al will try to save Constellation but the vast majority of the appropriators have much, much higher priorities than NASA and they are not going to boost the agency’s budget just to preserve a $100B+ billion dollar program that the NASA administrator, a blue-ribbon panel, the President and common sense all say is not viable.

He also points to a useful recent precedent:

Despite all that noise and anger and legislative maneuvers, by the end of July the plan was accepted: The F-22: Senate Votes to End Production – TIME – July.22.09. Congress as a whole decided that the negatives were not nearly as bad as claimed and the positives were too good to reject.

If Bolden and the administration push in a similar vigorous and sustained manner for their NASA plan, they will also win. As I’ve noted before, President Obama would no doubt love to battle Congressional members who want to force him to spend tens of billions of dollars on a failed Moon program, especially when most of that opposition consists of supposedly small-government, pro-business, anti-deficit Republicans. (Could just see him in a public forum saying that continuing the Moon program would be “an inexcusable waste of money”.)

I hope that the days of NASA as pork, as opposed to progress, are at least coming to a middle, if not an end. And the ironies continue to abound.