One Law

Re-thinking governance. We only need one law - the Non-Aggression Principle - the foundation of libertarianism - to maximize justice, peace, and prosperity.

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Entrepreneurs Can Break The Vicious Cycle in Healthcare

Entrepreneurs Can Break The Vicious Cycle in Healthcare

Indiana, as well as the nation, is definitely caught in a vicious cycle in public healthcare, but not for the reasons cited in last Sunday’s “Your Turn” segment.

https://www.indystar.com/story/opinion/2023/08/23/indianas-shortage-of-public-health-care-workers-creates-vicious-cycle/70613052007/

Although there is a shortage of workers, funding, infrastructure, and promotion for healthier lifestyles, the real problem is more basic and cannot be solved by gubernatorial fiat and raising taxes.

The real shortage is in basic economic knowledge which is not the economics most of us were taught in high school or college. More of us need to discover real economic principles that are consistent with human nature and more accurately explain all economic activity without artificial qualifications.

With this greater understanding of how we literally work together in society and create value for each other, we can see that our re-investments into healthcare, education, and security should be made directly to entrepreneurs and not through the middlemen in government and affiliated interests.

If past performance is the best indicator of future performance, then our continuing to double down on governmental reliance after decades of failure seems extraordinarily unwise.

A true entrepreneurial approach would not result in more public healthcare, but more individual healthcare, and in sum, the public better served.

Note: The views expressed are solely the opinion of the author.

Source: SC Striebeck for Wisdom of Anarchy, critiquing the Your Turn segment “Let’s break state’s vicious cycle in public health care” by John Macy and Kerrey Thomson, The Indianapolis Star, 7F August 27, 2023.

Video/Image Source:  Mykal McEldowney/IndyStar

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Money Markets Are Going Haywire, Blame the Government

Money Markets Are Going Haywire, Blame the Government

The buying and selling of dollars is usually a dull piece of the world’s financial plumbing, but in the past few weeks dollar has behaved like it did during the 2008 financial crisis and the 2011 Greek default.

Source: Money Markets Are Going Haywire, Blame the Government

And why?

Well because, as Mr. Mackintosh squarely says:

“This time there is no crisis—except, perhaps, one of legitimacy. Back in 2008 and 2011 there was a global shortage of dollars because banks weren’t willing to take the risk of lending, and governments and central banks had to step in to help. This month there is a shortage of dollars because governments and central banks have set arbitrary targets for bank capital, and like every bad manager in a bad company, they got what they asked for—and a lot they didn’t.” [Emphasis mine]

It is unfathomable to me that more people don’t see this regulation — of a fundamental aspect of banking — for what it is: pure socialism.

There’s nothing competitive about this structure. Nothing entrepreneurial. Nothing creative – except perhaps how to skirt the law.

It is simply an attempt through centralized planning to “control” the banking industry, or more likely provide another barrier to competition between banks, or some other detente between all the pretty shiny people in D.C. and their counterparts in the banking industry.

I acknowledge that this may be a little caustic because I’m not sure of the particulars, but I am sure this is not competitive, not in the best interest of customers, and it is surely is not capitalism …not to be confused with crony capitalism which is more like a kissing cousin to fascism.

What is an entrepreneur to do?

Note:  The views expressed are solely the opinion of the author.
Conceptual and title source: Wall Street Journal by James Mackintosh
Media source: Wall Street Journal