Wednesday, October 13, 2010

Congress can't repeal laws of economics

This article was in the Review Journal, but I had to use this link. It is about the unintended consequences of passing laws without considering the laws of economics.

It states,
It's raining! I don't like it! Why hasn't Congress passed the Good Weather Act and the Everybody Happy Act?

Sound dumb?

Why is it any dumber than a law called the Patient Protection and Affordable Care Act, which promised to cover more for less money?

It than points out the effects of ObamaCare and how you cannot expect businesses to do things that will cost them money and lose them money.

It states,
In other words: "We have repealed the basic laws of economics. Insurance companies must now give people more but not charge them for it. If you do charge more, you must not tell your customers why. Shut up, obey, and don't complain. We are your rulers."

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