An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, May 28, 2009
Robber given $40 for insulin
Americans who believe the governemnt shouldn't fund health care are, perhaps, missing the big picture.
Economies do not exist in the vacuums of space; they exist within societies, which means there are always both intended and unintended consequences to the society from pursuing one policy path or another.
A recent news story talked about a robber who stole money so that he could pay for his life-saving insulin. Read here.
While those opposed to government funding of health see it as bad because it adds to the deficit (and, curiously, they cannot prove that the deficit has resulted or will result in anything "bad" to society), they apparently have no problem with a rising crime rate, which is bound to emanate from a society where a large and growing number of people cannot afford medicine or basic health care.
In the news story nobody got hurt, thankfully. However, the next time this happens the people involved might not be so lucky. Perhaps some innocent bystander is shot and dies. Then our policymakers and Americans opposed to this, will all have a little bit of that blood on their hands.
Supply side economics would forbid this - so it must be the work of the Diablo, eh ?
ReplyDeleteUniversal Healthcare to substantially reduce longer term disease, death, crime, family failure, and voodoo economics
sounds a lot more Christian than any right-winger could produce.
Best of practice, better utilization reports, and healthier Americans - sounds reminenscent of Norman's theory of capacity - more investment in more capacity is a better America than the scherade of "tax payer on the hook" or "depositor on the hook" or "printed money on hook" or "run to china with nixon" - all phony anti-american folklore found on Bizradio!
You said it, Goog! People are part of the nation's capital stock. If we maintain infrastructure (which was only built for use by people), doesn't it make sense to maintain the most important capital of a nation--the human capital!
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