The headline of this post might not be completely honest. Indeed, if you asked me to grade the accuracy of my title, I’ll admit right away that it falls into the “if you like your plan, you can keep your plan” category of mendacity.
But I’m only prevaricating to set the stage for some satire about Keynesian economics.
But this satire is based on a very bizarre reality. Advocates of Keynesian economics such as Paul Krugman have claimed that war is stimulus for the economy and that it would be good if we were threatened by an alien invasion. As such, it doesn’t take too much imagination to think that conversations like this may have taken place inside the Obama White House.
Particularly since Keynes himself thought it would be good for growth if the government buried money in the ground.
So enjoy this satire from The Onion.
By the way, Krugman also said the 9-11 terrorist attacks would “do some economic good.”
So the folks at The Onion need to step it up if they want to keep pace.
Now let’s share a serious video.
I’ve written before about how the Food and Drug Administration’s risk-averse policies lead to needless deaths.
Econstories builds upon that hypothesis, using the Dallas Buyers Club to make excellent points about why markets are better than command-and-control regulation.
Very similar to what Steve Chapman wrote about bureaucracy, competency, and incentives.
By the way, the bureaucrats at the FDA also have engaged in pointless harassment of genetic testing companies, even though nobody claims there is even the tiniest shred of risk to health and safety.
And nobody will be surprised about the bureaucracy’s anti-smoking jihad.
It’s hard to decide when bureaucracies do so many foolish things.
P.S. The prize for the craziest bit of red tape still belongs to Japan, where the government actually regulates providers of coffee enemas, though the Department of Agriculture’s rules for magic rabbits is a close competitor.