Volume 17, Issue 18: May 5, 2015
- Why Single Payer Is Not the Cure for Obamacare
- Do Immigrants Enhance Economic Freedom?
- Baltimores Riots and the Heavy Weight of History
- The Challenge of Liberty Summer Seminars
- Join Us at FreedomFest!
- New Blog Posts
- Selected News Alerts
1) Why Single Payer Is Not the Cure for Obamacare
Vermont Senator Bernie Sanders, Hillary Clintons rival for the Democratic Partys presidential nomination, was at a loss when Fox News personality Chris Wallace recently asked him why the Green Mountain State dropped its plan to adopt single-payer health insurance. An honest answer would have required the self-described democratic socialist to say what he failed to saynamely, that the plan would have easily made his fellow Vermonters the most heavily taxed people in the nation.
In a recent op-ed in Forbes, Independent Institute Senior Fellow John C. Goodman argues that advocates of single-payer insurancei.e., coverage paid by the government (and ultimately by taxpayers)often neglect inconvenient truths. Typically, they claim, for example, that the United States pays more for healthcare and gets less than other developed countries, but they ignore the fact that appearances can be deceiving. In reality, those countries usually disguise the true cost of healthcare by imposing artificial price controls on doctors and nurses, and adopting other measures that stealthily shift social costs of coverage onto third parties.
In addition, advocates of single-payer in the United StatesNew York Times columnist Paul Krugman among themfrequently propose that their goal be accomplished by enrolling everyone in Medicare. But, according to Goodman, such a policy would fail to solve a single problem created by Obamacare: The overall tax burden couldnt be reduced, pressure for premium subsidies for low-income families would remain, healthy people would still be overcharged for coverage, enrollment would have to be compulsory, and on and on. Invariably, we are urged to copy Britain, Canada, or some other countrys healthcare system, Goodman writes. But then when we ask to see the details for the plan, the whole scheme falls apart.
Single Payer Health Insurance: Why Bernie Sanders Just Doesnt Get It, by John C. Goodman (Forbes, 4/20/15)
A Better Choice: Healthcare Solutions for America, by John C. Goodman
2) Do Immigrants Enhance Economic Freedom?
Do immigrants reduce economic liberty in their host country? Opponents of greater immigration, from Louisiana Governor Bobby Jindal to Harvard University economics professor George Borgas, think so. The data, however, tell a different story. A recent study co-authored by Independent Institute Senior Fellow Benjamin W. Powell looked at more than 100 countries and examined how differences in the level and flow of immigrants might have affected aspects of economic libertyincluding private-property rights, regulation, sound money, trade policies, and the size of government. Its findings should reassure all who worry that more newcomers could mean more government spending, higher taxes, and regulation.
No matter what other variables we included in our statistical analysis, we never found that greater immigration decreased economic freedom, Powell writes in an op-ed about his study. To the contrary, we frequently found that a larger stock or flow of immigrants increased a countrys economic freedom. This finding held up even when we focused only on immigrants from poorer countries.
Powells study illuminates what has long been a murky debate. On the one hand, Powell and his colleagues use standard statistical analysis to shed light on a timely policy question; the results are clarifying and warrant media attention. On the other hand, the study is also noteworthy because it simply confirms a timeless truthone that should have the ring of familiarity for anyone who has given the basic principles of economics more than a cursory glance. The economics of international trade in labor (immigration) is not fundamentally different than that of trade in goods, Powell writes. Exchange in each type of market allows for greater specialization that boosts productivity and creates economic windfalls for both trading partners.
Will Immigrants Destroy Our Freedom?, by Benjamin W. Powell (Huffington Post, 5/1/2015)
Global Crossing: Immigration, Civilization, and America, by Alvaro Vargas Llosa
3) Baltimores Riots and the Heavy Weight of History
The death of Baltimore resident Freddie Gray has torn open old social wounds that never really healed. Its a tragic reminder of many uncomfortable facts about America, including the legacy of the Civil War, according to Independent Institute Senior Fellow Ivan Eland.
Unknown to many, the wars first fatal casualties occurred in Baltimore 154 years ago, near Camden Yards, location of the ballpark that is home to one of the most beloved teams in baseball. The war itself settled some issues, but only changed the more visible aspects of others that would persist.
The war caused overwhelming resentment among southern whites, and African Americans bore the brunt of it, Eland writes in the Huffington Post. Martin Luther King was largely correct when he later said that slavery wasnt effectively ended until the Civil Rights movement did it one hundred years later.
Wars Rarely Advance Freedom: Baltimore Riot Hints that Applies Even to the Civil War, by Ivan Eland (4/27/2015)
4) The Challenge of Liberty Summer Seminars
The Independent Institutes Challenge of Liberty Summer Seminars are filling up quickly, and by popular demand, the application deadline has been extended to May 10. A few slots are still available for all three locations:
- June 15: Colorado Christian University, Denver
- June 812: University of Colorado, Boulder
- July 610: University of California, Berkeley
This is a fantastic opportunity for college students to learn about free-market economics and the history and philosophy of libertyand to meet like-minded people.
5) Join Us at FreedomFest!
Mark your calendars! FreedomFestthe leading big tent event for Americas liberty movementtakes place July 811 at Planet Hollywood in Las Vegas. You wont want to miss this one!
Billed as the worlds largest gathering of free minds, FreedomFest brings together many of the top advocates of individual liberty in our dayincluding the following fellows and authors of Independent Institute books:
- Senior Fellow John C. Goodman, author of the new book A Better Choice: Healthcare Solutions for America
- Senior Fellow Lawrence J. McQuillan, author of the forthcoming book California Dreaming: Lessons on How to Resolve Americas Public Pension Crisis
- Research Fellow Robert P. Murphy, author of the forthcoming book Choice: Competition, Cooperation, and Human Action
- Senior Fellow Randy T. Simmons, author of Beyond Politics: The Roots of Government Failure
- Former Board member and Research Fellow Peter Thiel, co-author of The Diversity Myth: Multiculturalism and Political Intolerance on Campus
6) New Blog Posts
Galeano vs. Rangel: A Conflict of Visions in Latin America
Alvaro Vargas Llosa (5/4/15)
Why Dont You Own Your Own Health Information?
John R. Graham (5/4/15)
Competition and Cooperation
Randall Holcombe (4/30/15)
Health Spending Crushing a Stalled Economy
John R. Graham (4/29/15)
Campaign Finance ReformAfter I'm Elected
Mary Theroux (4/29/15)
Do Drones Degrade al Qaida?
Abigail Hall (4/29/15)
From MyGovCost News & Blog:
Government Deploys Bogus Science to Quash Business
K. Lloyd Billingsley (MyGovCost News & Blog, 5/4/15)
Congress Reached a Budget Deal?
Craig Eyermann (5/2/15)
The Unchanging Incentives of Bureaucrats
Craig Eyermann (4/28/15)
Government Raisin Ransacking
K. Lloyd Billingsley (4/24/15)
The Tax Hikes of Obamacare
Craig Eyermann (4/24/15)
The Deficit Stops Shrinking
Craig Eyermann (4/21/15)
7) Selected News Alerts