Monday, March 03, 2008

Obama gets schooled in economics

The Austrian School of Economics Blog tears into Obama's universal health plan and shows his complete ignorance of the laws of supply and demand, and how his plan will deliver PRECISELY THE OPPOSITE of what he intends.

Well, those good intentions of his might help win presidential elections, with his celebrity pop-star endorsed video clips and songs, but they look like they are going to further destroy the American health system.

The article points out the rising costs, the in-fighting and political lobbying, the lowering of standards and the predictable failure of universal socialised health. Read it in full.