Those of us who aren’t morons know socialized medicine is an awful idea. And we’ve known it for a very long time.
17 Arguments Against Socialized Medicine – November 1, 1960
Socialized medicine is awful – because it is antithetical to human nature. And rudimentary economics.
We know this domestically, because we have a quintessential example of government-only socialized medicine: The Veterans Administration:
“The Department of Veterans Affairs (VA) is full-on government medicine – and has been since 1930. A government-only monopoly. And its delivery is terrible, when it isn’t non-existent.
“Untold numbers of veterans are dying waiting for care. We don’t know how many – because government is placing tens of thousands of veterans on secret waiting lists. And government is leaving completely off these lists tens of thousands more.”
To control prices – the VA caps care. Hence the secret waiting lists.
The problem is, as always, government:
“And there is zero accountability. After this abomination was identified in 2014 the government actually kept growing the wait lists. And no one has been fired.”
As the great Thomas Sowell notes:
“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
I know: Let’s have DC (further) screw veterans in banking – just as it has screwed veterans in health care. In the name of “helping,” of course. And let’s have Republicans help Democrats do it to them.
“Congressmen Glenn Grothman (R-WI) and Jesus “Chuy” Garcia (D-IL) today introduced the bipartisan Veterans and Consumers Fair Credit Act (VCFCA).”
Get this bit of bald-face idiocy from a Republican who allegedly should know better:
“This bill will curb high-cost, predatory payday loans, auto-title loans and similar forms of toxic credit across America.”
This is a rate-cap bill. It is government capping veterans’ loan rates. Just as it caps veterans’ health care.
Which those of us who aren’t morons have known is an awful idea. And we’ve known it for a very long time.
“The era of price controls is most remembered for long lines at gas stations….
“Back then, ‘price controls turned a minor adjustment into a major shortage,’ said Thomas Sowell.”
This government idiocy will actually cap loans. As in no one but the very wealthiest will be able to borrow money.
Well, borrow money safely and legally.
If you want veterans forced to turn to loan sharks and other black market lending sources?
Impose just the sort of lending price cap Bipartisan DC is currently considering.
It’s the Veterans Administration treatment – in lending.
Because DC wants to “help.”
First published at: Substack.
Photo by Jeffonwire, Attribution 2.0 Generic (CC BY 2.0).