Uncertainty = Slow Growth = Unemployment

And the health care low is a significant contributor to all three.

Small Business, ObamaCare and the 1099s

Just one more reason why ObamaCare must be repealed.



HT Ideas Matter.

Who'll Really Benefit from Net Neutrality Regulation?

Back in 1913, President Woodrow Wilson noted: "If the government is to tell big business men how to run their business, then don't you see that big business men have to get closer to the government even than they are now? Don't you see that they must capture the government, in order not to be restrained too much by it?"

In other words, all the wishful thinking in the world isn't going to change the fact that any government agency or process big enough to control a major sector of our economy will be prone to influence by those most affected by it. ..

These men understood that consumer welfare was better served by innovative, competitive markets than by captured regulators, who talked a big game about serving "the public interest" but who were typically busy stifling innovation and market entry.

So where are "these men" who can understand that this also holds true for health care, especially the new ACO's, insurance and pharmaceutical companies, etc.

Read more in "Who'll Really Benefit from Net Neutrality Regulation?" by by Adam Thierer, senior research fellow at the Mercatus Center at George Mason University.

HT Paul Hsieh on FB.

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Dodd-Frank claims its first victim

"Ford Motor Co. is an outstanding recent success story, having just announced solid earnings. They restructured wisely, shedding Jaguar and Volvo, and took no bailout money. But they ran into trouble last week when their auto financing operation tried to issue debt. The rating agencies, fearing Dodd-Frank, refused to let Ford use their AAA rating in the offering prospectus. Many prospective buyers are forbidden from buying debt without this rating. So Ford had to pull the offering.

In financial markets especially, political incentives are swamping market incentives. The voice of the consumer, as transmitted through the price system, grows fainter with each new "reform. (Source: Wall St. Journal July 21st) "

Warren C. Gibson, 7-21-2010, communication via Barstool Economists Yahoo group.