Obama’s First Econ Lesson

Education is expensive, consumes a lot of time and the payoff is not worth the trouble. This is a very early wake up call on socializing medical care in the US.

Obamas First Econ Lesson
Obama

Education is expensive, consumes a lot of time and the payoff is not worth the trouble. This is a very early wake up call on socializing medical care in the US.

The econ lesson? When you lower the price you get less of it. This is a good preview of what will happen to little chemical compounds we call legal drugs that save millions of lives every day if you start instituting price controls to “protect” people from “evil” pharmaceutical companies.

Please read the following important disclosure here.

Related Articles

Why we’re confident in our Charter investment

The Infinite Game in Telecom

CHTR, just like Comcast, showed only a very slight decline in broadband customers in the quarter. Most of the decline came from the US government removing subsidies for rural customers.
The Hidden Risk in “Religion” Stocks

The Hidden Risk in “Religion” Stocks 

A basic property of religion is that the believer takes a leap of faith: to believe without expecting proof.
The Best and Worst Investment Decisions Ive Made

The Best and Worst Investment Decisions I’ve Made

I’m going to share stories about my best and worst investment decisions. But don’t worry, this isn’t just a brag-and-cringe session about making or losing money.
Trump’s call for a bitcoin strategic reserve is a very bad idea

Trump’s call for a bitcoin strategic reserve is a very bad idea

At the end of July, Donald Trump went full Bitcoin. He wants the US to become a “Bitcoin superpower”; he promised to build a Bitcoin strategic reserve.

Leave a Comment