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Category Archives: Health Care

The shortages in Venezuela, as I have discussed in previous posts, are due to price ceilings which suppress the quantity offered on the market while encouraging extra consumption. Low prices also encourage exports of those price controlled items and discourage imports.  As a result, people in Venezuela are continuously frustrated in their basic attempts to buy […]

The news agency, AFP, reports here on protests staged by doctors and medical students over the shortages of various medicines and critical supplies in hospitals in the oil-rich South American country of Venezuela. If you search through Bastiat’s Bastions you will find that I have mentioned Venezuela’s shortage-plagued economy several times, such as here, here and here.  Chad Turner, a former […]

As you should recall, then House Speaker Nancy Pelosi (D-CA) stated that we needed to pass ObamaCare, or the so-called Affordable Care Act, in order to see what was in the bill, as we  see in this Youtube video. Of course, we would think that a better way to go about finding out what is […]

In March, I wrote this entry to Bastiat’s Bastions in response to Jindal’s proposal to hike state cigarette taxes.  My critique was not so about raising tobacco taxes or not, but suggesting that the Louisiana Department of Revenue had done a poor job in estimating the effects of such taxes on state revenues, as I […]

Today, Health and Human Services Secretary Kathleen Sebelius called for a review of the policy determining how transplantable lungs are allocated to those on waiting lists for donor lungs.  You can read about it and the case of 10 year old Sarah Murnaghan who has end-stage cystic fibrosis in this CBS news story from today. […]

A few weeks ago the Nicholls Worth ran this article about Jindal’s plan to change the structure of taxation in Louisiana, moving away from income taxes and toward sales taxes.   More recently, more details of the governor’s tax proposals have been released, as we see in this article from the Baton Rouge Advocate.  In particular, […]

Without a doubt, the federal budget is in awful shape.  For every dollar of federal spending, we are only taking in 60 cents of taxes, meaning that another 40 cents on the dollar is deficit spending, which must be borrowed, some from Americans and some from the Chinese.  We know we cannot borrow much from […]

Recently, I posted a short blog article: Shortages of life-saving drugs but not of illegal recreational drugs?  A House oversight committee has issued a report about the causes of these continued shortages.  While my explanation of  the shortages being due to the Medicare Modernization Act (MMA) is a critical part of the explanation, another explanation […]

Today, President Obama offered up a legislative approach to dealing with high oil prices that he blames on speculators.   Here is a story from NECN.com (New England Cable News) on Obama’s suggested approach.  Ed Rogers at the Washington Post has this comment on Obama’s “let’s do something, anything” about high oil prices by handcuffing speculators, calling […]

Read this article from Monday’s (4-2-12) New York Times section on Money and Policy, “White House and the F.D.A. Often at Odds,” by Gardiner Harris.  When reading this article, two important points are made that concern monopoly: 1) The regulations of government agencies, such as the FDA, even when well meaning, can result in barriers […]

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