“President Obama’s overhaul of the nation’s health-care systems is unlikely to be completed by the White House’s August deadline, lawmakers said Sunday. Democrats and Republicans alike said the administration’s sweeping health-care reform proposals are moving forward on Capitol Hill, but they cautioned against rushing into a spending plan that could cost trillions of dollars over the next decade.” (Washington Post, Monday)

Delay is good.

FEE Timely Classic
“Medical Care and Market Forces” by Russell Roberts

“On his first trip to the Middle East as Treasury secretary, Timothy F. Geithner’s message this week will be similar to the one he delivered to Chinese officials a month ago — your investments in the United States are safe. Mr. Geithner is expected to repeat assurances that the government’s soaring budget deficits will not trigger a devastating bout of inflation that sinks the value of the dollar and foreigners’ holdings.” (Washington Times, Monday)

And Madoff gets 150 years in prison.

FEE Timely Classic
“Some Evils of Inflation” by Hans F. Sennholz

“Cash-strapped states are increasingly turning to alternative sentencing methods and to streamlined probation and parole as a way to keep low-level offenders out of prison and in their communities…. The measures include drug courts, which allow low-level drug offenders to avoid prison time through treatment and intense, personal, weekly intervention by a judge….” (Washington Post, Monday)

Would anyone freely lay out his own money to persecute nonviolent drug sellers and consumers?

FEE Timely Classic
“The Drug War’s Assault on Liberty” by Lance Lamberton