“President Barack Obama may accept nonprofit health-insurance cooperatives in place of a new government-run plan as long as consumers are guaranteed more choice and competition in buying insurance, a top aide said.” (Bloomberg, Friday)
Translation: Profit is the obstacle to competition and choice.
FEE Timely Classic
“Profit: Not Just a Motive” by Steven Horwitz
The Department of Economics at Western New England College, Springfield, Mass., will host its Seventh Annual Economics Conference on Tuesday, ... Go to blog
In this day of trillion-dollar-plus federal deficits, Destutt de Tracy's critique of government debt is especially relevant. ... Go to blog
Many aphorisms and common expressions take on a different meaning when seen through the lens of economics. ... Go to blog
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