by admin
August 25, 2013 in Economics
This is a very valuable article about the changing nature of healthcare. Going forward in time you may not have great health insurance policies, higher deductibles and less coverage. In this case the guy saved $17,000 by not using his health insurance policy.
Source: MISES INSTITUTE
by admin
August 25, 2013 in Economics
Here’s the abstract from a new paper in the October 2013 issue of Economic Inquiry:
During their meetings, the members of the Federal Open Market Committee (FOMC) make monetary policy, but they also make each other laugh. This article studies the amount of laughter elicited by members of the FOMC during their meetings. The study finds that a member elicits more laughter if he or she expects higher inflation, other things being equal. This finding suggests that members may use humor to cope with the threat of inflation. (JEL E52, E58, C23)
They use humor. One wonders what savers and pensioners use.
Source: MISES INSTITUTE
"A preventive war, to my mind, is an impossibility today. How could you have one if one of its features would be several cities lying in ruins, several cities where many, many thousands of people would be dead and injured and mangled, the transportation systems destroyed, sanitation implements and systems all gone? That isn't preventive war; that is war. I don't believe there is such a thing; and, frankly, I wouldn't even listen to anyone seriously that came in and talked about such a thing. ... It seems to me that when, by definition, a term is just ridiculous in itself, there is no use in going any further. There are all sorts of reasons, moral and political and everything else, against this theory, but it is so completely unthinkable in today's conditions that I thought it is no use to go any further." - Dwight D. Eisenhower News Conference of (11 August 1954)
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