By Michael F. Cannon
Remote Area Medical‘s Stan Brock, who spoke at the Cato Institute’s 2012 State Health Policy Summit, explains: The culprit is state medical licensing laws. For more, read Cato adjunct scholar Shirley Svorny. CNN Video: How Government Blocks Health Care Access for the Poor is a post from Cato @ Liberty – Cato Institute Blog
CNN Video: How Government Blocks Health Care Access for the Poor is a post from Cato @ Liberty – Cato Institute Blog
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By Daniel J. Mitchell
I sometimes wonder whether journalists have the slightest idea of how capitalism works. In recent weeks, we’ve seen breathless reporting on the $2 billion loss at JP Morgan Chase, and now there’s a big kerfuffle about the falling value of Facebook stock. In response to these supposed scandals, there are all sorts of articles being [...]
In the Lake Wobegon Fantasy World, All Investments Make Money is a post from Cato @ Liberty – Cato Institute Blog
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JP Morgan Chase’s $2 billion loss on a hedging strategy doesn’t mean that the bank is in crisis, and it certainly does not mean the government needs to step in. JP Morgan Chase is a $2.3 trillion bank with a net worth of $189 billion. While the bank’s loss represents a clear failure of management, they are accountable to the shareholders. The loss will be covered by the bank’s capital, just as it should be. Neither the bank nor the financial system was endangered, and no government intervention or additional … More
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By Michael F. Cannon
Richard Thaler writes in the New York Times: Justice Scalia is arguing that if the court lets Congress create a mandate to buy health insurance, nothing could stop Congress from passing laws requiring everyone to buy broccoli and to join a gym…Can anyone imagine Congress passing a broccoli mandate law, much less the court allowing it to take [...]
Stop Using Slippery-Slope Arguments? Where Would that End? is a post from Cato @ Liberty – Cato Institute Blog
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There are several colloquialisms for “paruresis” (par-YOU-ree-sis), one of the newer additions to the growing list of ailments supposedly protected under the Americans with Disabilities Act (ADA): “pee panic,” “stage fright,” and “urophobia,” among them. No matter one’s term of preference, they all refer to a difficulty or inability to urinate in the presence of others, be it at home or in a public restroom, if observed or in proximity. According to the Equal Employment Opportunity Commission’s (EEOC) reading of the ADA, employers must make reasonable accommodations for any worker … More
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By Michael F. Cannon
Investment giant J.P. Morgan made a bad trade that cost its owners $2 billion. The responsible parties are losing their jobs. Yahoo’s CEO evidently misled people about his qualifications. As a result, he lost his job. If you want to know why these are market successes, consider: Medicare and Medicaid lose at least 35 times [...]
J.P. Morgan and Yahoo: Market Successes is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
Today, New Jersey Gov. Chris Christie (R) became the latest governor to throw sand in the gears of ObamaCare, issuing an eleventh-hour veto of a bill to create an ObamaCare Exchange in New Jersey. An excerpt from his veto message: While I am unwilling to approve the establishment of a statewide health insurance exchange at this [...]
Gov. Christie Vetoes ObamaCare Exchange — ‘At This Time’ is a post from Cato @ Liberty – Cato Institute Blog
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By Trevor Burrus
Today, the Institute for Justice released a 200-page, comprehensive study on occupational licensing in the United States. The report details the plague of occupational licensing that has swept the country over the past 60+ years. According to the study, “In the 1950s, only one in 20 U.S. workers needed the government’s permission to pursue their [...]
The Institute for Justice Exposes the Plague of Occupational Licensing is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
According to WSFA-12 News, Alabama legislators are working on legislation to create an ObamaCare Exchange. But: Governor Robert Bentley [R] will likely veto the bill. “This legislation is premature. The federal government has yet to establish clear guidelines for a health insurance exchange,” said Deputy Communications Director Jeremy King, in a statement to WSFA 12 News. “Also, [...]
Alabama Gov. Vows to Veto ObamaCare Exchange is a post from Cato @ Liberty – Cato Institute Blog
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By Jim Harper
Now where have we seen this before? S. 2337 would require that federal regulations use plain writing that is clear, concise, well-organized, and appropriate for the subject matter and intended audience. Well, according to the “Plain Writing Association,” efforts to produce plain writing in government go back as far as the 1977 issuance of a [...]
Plain Language Regulation? is a post from Cato @ Liberty – Cato Institute Blog
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