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Article posted Nov 20 2013, 12:46 PM Category: Economy Source: Jeffrey Tucker Print

Catastrophic Plans

by JEFFREY A. TUCKER

A president stands disgraced. Congress is scattering. Bureaucrats are baffled. Pundits are reaching. Industry is scared. Politicians are scrambling to do something, anything, to make it better. One political party is in meltdown and the other loving every minute of it, hoping to ride the calamity to electoral gains.

The so-called “Patient Protection and Affordable Care Act”—the showpiece of democratic welfareism in the 21st century—has made history as the largest, fastest failure in the history of state-provided welfare programs.

It turns out that you can’t just pass a law that causes everyone to get all the health care he or she desires at extremely low cost. Nor can government create a market-like environment out of a nonmarket good or service and expect it to achieve efficiency, productivity, and customer satisfaction.

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