Tag Archives: incentives

Quote of the Day – Where the Blame Lies

I had taken a bit of a break from reading philosophy to give my mind a bit of a rest. I re-read for the umpteenth time, “Beguilement” by Lois McMaster Bujold. This is one of my favorite books, series actually.

It was something of a different experience reading it after having read of lot of Ayn Rand’s philosophy as I could see similar themes, especially in the main characters who, over the course of the series, go against what is expected of them and instead work for what gives read more

Quote of the Day – History Repeats Itself

Today’s quote comes from a talk by Ayn Rand, I believe from the 1960’s, about the so-called Robber Barons of the 19th century, and how they were actually the greatest benefactors of the United States, contrary to what popular history tells us.  About 5 minutes into the recording, which you can find here, she made a statement that jumped out at me enough to go over it repeatedly to write it down.  The groups she is referring to are the Central Pacific and Union Pacific railroads.

In read more

Government Intervention…What Could go Wrong?

So what can happen when the government interferes with the economy?  Let’s take a peek at what happened in the case of health insurance, specifically employer provided insurance.

In 1942, in an effort to control costs and prevent disruptions in the labor market, the government passed the Stabilization Act which essentially froze prices, wages and salaries at the level they were at in September, 1942.  Exempted from this was insurance read more