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WEEK IN REVIEW: The top stories of the week
White Flag Christmas: President Apologizes for ObamaCare’s Sign-Up Problems. President Obama appeared on camera on November 7, and apologized for his words, “If you like your health insurance, you can keep your health insurance.” The President has been engaged in a kind of verbal Bataan march in recent days. CNN reports: Last week: “If you had one of these substandard plans before the Affordable […] READ MORE
Princeton’s Paul Krugman is a Keynesian. He is the Keynesian. He is the resident economist for the New York Times. Economics teaches that there are no free lunches. Therefore, an economy can allocate scarce resources in two ways: by price competition or by government committees. Keynesianism seeks to find a middle ground. It wants allocation […] READ MORE ObamaCare Showdown in Texas: Obama vs. Perry President Obama flew to Dallas on November 6 to talk about ObamaCare. To greet him, Governor Rick Perry issued a press release. President Obama deceived the American people by promising that anyone who liked their health care plan could keep it, but millions of Americans are now discovering that simply isn’t true. Now, he’s coming […] READ MORE ObamaCare Map: How Much More Will Policies Cost in Your State? Nationally, prices will rise by 41%. But in some states, it will be much worse. In a few, it will be better. There is an interactive map here. Place your cursor over your state. You will see what the typical policy cost pre-OC, and what it will cost after. The system, with the subsidies — […] READ MORE Multi-billionaire Laments: “Our Taxes Are Too Low!” Bill Gross is a very rich man. He manages Pimco, the world’s largest bond fund. As is true of most American multi-billionaires, he is a Keynesian. He believes in the economically creative power of the state. He has understood how the state affects the markets through raw power, and he has profited enormously. In November, […] READ MORE | ||||||
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