Now hold on. Before you think I’ve totally lost my mind, hear me out on this one.
More than two decades ago, when Hillary Clinton was busy working on her plan to nationalize our nation’s health care system (yes, that would be when she was First Lady), the idea of how to stop spiraling health care costs suddenly hit me: Outlaw health insurance.
The reasoning was basic economics: Sellers charge what the market will bear. Because consumers didn’t pay their health care costs out-of-pocket (that’s what health insurance is for), they had no incentive to “shop” for the best price. As a result, the market (i.e., those health care consumers) could bear almost any price. Given that, it was only natural prices skyrocketed. (Well, that and an unconstrained tort system that made medical malpractice one of the fastest growing industries in America.)
Now consider college costs. They’ve skyrocketed, too. Why? Because the financial “aid” Continue Reading “It’s Time to Outlaw Student Loans”
One-Upping Warren: This is the Right Way to Forgive Student Loans
The Clinton establishment knew this kind of talk wouldn’t fly in fly-over country (hint: that’s us). It was too radical. Too impractical. Too communist. So they laughed at Bernie and encouraged him to say what he said.
Little did we know.
Andrew Cuomo, with a watchful eye on his own 2020 political ambitions, decided to see Continue Reading “One-Upping Warren: This is the Right Way to Forgive Student Loans”