Quotation of the Day

Is from Michael Rizzo (AKA wintercow20) blogging at The Unbroken Window:

"It would also be nice if folks just staked their positions out instead of trying to cloak them up. My mental model is progressives are for anything that isn’t 'scary-tale versions of capitalism' based on what some ideologue 5th grade teacher told them about World War 2 ending the Depression, FDR saving America, labor market regulations designed to help the worst off, where our prosperity comes from, the role the robber barons played, etc. and the 'right' is for anything other than what progressives seem to be about. I do not think either is actually very much principled. If they were. then at least say, 'I am for liberty in every aspect and every regard even if it produces some outcomes which may seem reprehensible, and here is why …' or 'I am for the elites running things, or I am for industrial planning, even if it has produced historical global horror stories, and here is why …' But we can’t even get that. Just a lot of dressed-up gobbledegook."

Read the whole thing.

Good post on the costs of the US healthcare system by Wintercow over at The Unbroken Window.

Some quotes:

"Follow the goods, not the money."

"How would you measure how costly the U.S. medical system is? Would you look at how many dollar bills are spent? Or would you examine what real resources are used up in order to deliver said outcomes? Good economics suggests the latter."

Or, more generally speaking:

How would you measure how costly X is? Would you look at how many dollar bills are spent? Or would you examine what real resources are used up in order to deliver said outcomes? Good economics suggests the latter.