Much of Keynes' theories has been proven correct by repeated testing over the decades. This is also true for many concepts proposed by Austrians. However, you treat these things like ideologies, as opposed to blocks of theories, and it ends up warping the way you approach the topic. The idea that government borrowing can stimulate the economy is as much an economic fact as the evolution is a biological fact.
The problem exists just as much in states with large amounts of competition as states with little competition. California is one of the largest economies on the planet, and the problem is still prevalent there.Again. I did not say flat tax. I meant closing loopholes. Then decreasing the general level of taxation by an amount reflected in the increased taxation caused by the closing of the loopholes.
- States restrict competition in the insurance market by prohibiting competition between states
The lack of doctors has more to do with skyrocketing tuitions and the fact that high school prepares people very very poorly for technical education. It's not an elaborate conspiracy. Occams razor, your worst enemy.- US medical license boards (controlled by AMA members) artificially restricting the supply of medical professionals. You can only get licensed from a few elite universities. This control of the supply of doctors allows the wages of the doctors already licensed to go up, and they are now about double of their European counterparts
I've spent a lot of time in hospitals in my life, in numerous countries. I've spent significantly less time with doctors here. Nurses do Almost everything here. It's ridiculous. I've had six hour emergency room visits that included less than ten minutes with a doctor.- Bad regulation on what health procedures must be done by doctors, which for example restrict nurses from conducting certain simple procedures to create more employment and higher salaries for the doctors. E.g. prohibiting nurses from delivering babies.
Yet Medicare and Medicaid show better costs per person than private insurance. Wile the problem you cite is certainly real, it cut ally goes to show how dramatically warped private insurance is, because even with this problem, they are still obscenely expensive.-Medicaid & Medicare driving up costs. For example medicare&medicaid compensates doctors by how many procedures are performed instead of how many problems are solved, or even how many problems have been attempted to be solved.
What this prevents is from competing hospitals from racing to the bottom and creating a situation where there are no good options in an area. It's easy to ignore this issue in a small country, but it isn't in the united states.-'Certificate of Need'-programs restrict new hospitals or other healthcare providing from being created, and the established holders of the certificates can easily deny new entrants.
This problem is almost uniform throughout the states, and every state has a different degree of regulation, including very little in some States.-States regulate the content of healthcare insurance, which means that they're filled with crap people don't really need which raises the cost. The less people pay out of pocket the less people care about the cost of the healthcare services they seek, which means that price competition is not an option for healthcare providers.
Spoken like someone who has never owned a business. If your business is failing, it is frequently the best course of action to take out a loan to keep yourself going. I've done it before, and it's the only reason I'm still in business.Bad analogy. You can't solve a debt problem by more debt, or a spending problem through more spending.
Here's a simple real world example: you have a car and it's in rough shape. You are already in debt and need to car to get to work and pay off the debt. If you wait for the car to break down, you'll lose your ability to make money and be in way worse shape. In this situation, it's better to go further into debt in order to secure your position and prevent a complete catastrophe.
When it comes to governments, this is even easier. You are arguing against something that has a proven track record of success in dozens and dozens of examples over the last seventy years.
I hate to say this, but you really often come off like a sixteen year old kid who has lived in a country with a tight social safety net, coming from a wealthy family, and really has no idea how the world actually works. To say something like you can't solve a debt problem with more debt is freaking nuts and totally shows a lack of ever having to deal with real life circumstances. When I was young, I worked for a pizzeria that was doing horribly. They took out a business loan to revamp the pizzeria and hire more delivery people and buy some advertising. Shocker.. The business became significantly more successful. This is how things work in the real world.