“A year-long effort by senators to draft a bipartisan overhaul of the nation’s health-care system on Wednesday yielded the only congressional proposal that would extend coverage to millions of uninsured Americans while making good on President Obama’s pledge not to add ‘one dime’ to budget deficits.” (Washington Post, Thursday)
Max Baucus doesn’t count the distortion government interventions will cause in the healthcare market. Guess who will pay for those?
FEE Timely Classic:
“Thinking Carefully About Macroeconomics” by Steve Horwitz