tag:blogger.com,1999:blog-5877221018800830362.post4586826000183887637..comments2024-02-22T01:35:03.164-05:00Comments on Cure Strategy (formerly, Serious Medicine Strategy): Frederic Bastiat, Call Your Office: What the Committee for a Responsible Federal Budget Would Like to See --and What Can Be Seen: Two Different ThingsJames P. Pinkertonhttp://www.blogger.com/profile/06914344842339708576noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5877221018800830362.post-22090687244990600402011-11-03T19:30:55.547-04:002011-11-03T19:30:55.547-04:00You add 2 and 2 but your result is Z. You take Ba...You add 2 and 2 but your result is Z. You take Bastiat and you add Hayek but your result is not even in the ball park.<br /><br />Bastiat was all about opportunity cost and Hayek was all about decentralized knowledge.<br /><br />What is opportunity cost? It's the realization that the money you spend on one thing you value cannot be spent on all the other things you value. That realization forces consumers to prioritize how they spend their money. Every single consumer considering the opportunity costs of their spending decisions leads to the best use of limited private resources.<br /><br />Hayek's decentralized knowledge is simply that we are all blind men each feeling a different part of the elephant. We all only have partial knowledge. The blind men wouldn't have come to the correct conclusion if they had averaged their perspectives. To come to the correct conclusion they would have had to add their knowledge together.<br /><br />To guarantee the best possible use of public funds we should allow each and every taxpayer to directly allocate their individual taxes among the various government organizations. This would force them to consider the opportunity costs of their tax allocation decisions. <br /><br />Voters want to have their cake and eat it too...and congress is only too happy to oblige. The solution is to outsource these hard decisions to taxpayers. Millions and millions of taxpayers making hard decisions with their individual taxes will lead to the most efficient allocation of public funds.Xerographicahttps://www.blogger.com/profile/14978832439622230018noreply@blogger.comtag:blogger.com,1999:blog-5877221018800830362.post-66743423164744268572011-09-08T17:34:21.916-04:002011-09-08T17:34:21.916-04:00SS is not an entitlement Jim.
I paid into it!
If ...SS is not an entitlement Jim.<br />I paid into it!<br /><br />If the Hill People didn't have 'sticky fingers' over the years, then Perry wouldn't be able to call it a Ponzi scheme, which it is!<br /><br />You ask, "Will we simply reduce the nursing care for dementia victims?"<br />YES! Feed them. Give them blood thinners so they don't stroke. But don't give them medicine for pneumonia and the like.<br />My family has AD in its genes. And my health care proxy says just what I wrote above<br />If I don't know what planet I'm on, then it's time for me to "move-on" "naturally".<br />My 90 year old AD aunt became a cash cow for her health care providers. As her Administrator, they wouldn't follow my wishes. It would have taken an army of lawyers and a ton of money to make them stop with the antibiotics. In my estimate, she lived about 4 years longer. <br /><br />You are right Jim, the CRFB predictions are from La-La land. Maybe they have AD and don't know it!Peter913https://www.blogger.com/profile/01805602464724466047noreply@blogger.com