15Feb 2022 by Post

10 Reasons Why Socialism Fails

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Podcast: Play in new window Subscribe: Apple Podcasts | Google Podcasts | Android | iHeartRadio | Email | TuneIn | RSS What is socialism and why doesn’t it work? In this special podcast, Frank shows that socialism doesn’t work because it ignores economics 101 in ten ways. It ignores basic truths about: Private Property (it drives economics) Rule of Law (necessary for a robust economy) Free Enterprise (increases value) Competition (motivates innovation & quality) Self Interest and Service (creates wealth, not greed) Adam Smith’s Invisible Hand (can’t be led top-down) Free Rider Problem (human nature) Ripple Effect (economics is not a static system) Supply & Demand (can’t be dictated) Scarcity (quarterbacks vs. teachers) Frank also addresses the claim that since early Christians lived in a communal way in the book…
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20May 2020 by Post

The COVID Crisis and Our Healthcare System

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An essay by a pair of economists in Foreign Policy magazine pins the blame for our pandemic crisis on deficiencies in our health care system. It recommends a variety of interventions, each of which (predictably) entails more government control of health care by experts like… the authors of the essay. To see the COVID response as signifying a failure of the healthcare system is an insult to the brave and skilled people who responded so effectively to this virus, including colleagues at my own hospital on New York’s corona frontline. The authors, and others who think similarly, misunderstand the roots of the crisis and misunderstand the role the health care system has played. More importantly, they misunderstand the role of statism in generating this pandemic.  Retooled Overnight Given the unexpected…
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25Jan 2020 by Post

Pressuring a Hospice to Kill

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Should hospice professionals be forced to assist the suicides of their patients who want to die? Not too long ago, the answer to that question would have been an emphatic “Of course not!” Hospice is not about making people dead. Rather, it seeks to help terminally ill patients live well through intensive medical, spiritual, psychological, and social treatments to alleviate the pain and emotional suffering that dying people and their families may experience. Don’t tell that to the provincial government of British Columbia. After the Supreme Court of Canada conjured a right for anyone diagnosed with a serious medical condition that causes “irremediable suffering” to receive lethal-injection euthanasia, British Columbia passed a law requiring all medical facilities that receive at least 50 percent of their funding from the government to…
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