Posted in big government, Cost of labor, Crony Capitalism, Defined Contribution Benefit Plans, Economic Issues, Education, Employee Benefits, Entitlements, Free Society, Free-Market, Government Regulations, Government Spending, Health Insurance, Healthcare financing, Job loss, Liberty, Organizational structure, Policy Issues, Poverty, Uncategorized, Wealth, Welfare State

An Inquiry into the Nature and Causes of the Wealth of Sweden: A Path from Poverty to Prosperity

“Without economic growth, there is no wealth to share.”

Johan Norberg

Lessons for America?

Welcome to another edition of Friday’s Philosophical Foray beyond Healthcare!

One of the most important history lessons in the power of economic freedom to alleviate poverty and improve the lot of the ordinary citizen did not occur during the industrial revolution in America.  It has its roots in a relatively obscure Swedish leader & political philosopher. He was a Finnish-Swedish clergyman, writer, and political philosopher, whose ideas and advocacy pre-dated that of Adam Smith. 

The freedom of Swedish people to pursue self-determination which empowered individuals to trade, act and associate voluntarily with others was championed by the words & deeds of Anders Chydenius (1729 – 1803).

After his death in 1803, Chydenius’s libertarian ideas where perpetuated by the Aftonbladet news publication in Stockholm, a news outlet started by Lars Johan Hierta, which was instrumental in spreading the message of economic freedom against the guilds and mercantilism which dominated Swedish economic policy under the King.

In 1840, the new Finance Minister Johan August Gripendstedt, the architect of Sweden’s new market economy, continued the market reforms. His policies ignited economic expansion and growth based on free trade, sound monetary policy and modicum of govt regulations. 

Between 1850 – 1950, Sweden’s per capita GDP increased almost seven-fold.  Infant mortality improved by 86% and life expectancy increased by 26 years!  By 1950 Sweden was one of the richest developed countries and had one of the most open and deregulated economies in the world; with tax rates LOWER that the United States and most European Countries.

Until 1960, Sweden had low taxes, minimal gov’t intervention in the economy, free trade and strong private property rights.

To explore this subject in detail, please watch Johan Norberg discuss Sweden’s rise to prominence in his video below.

Posted in Access to healthcare, big government, Crony Capitalism, Economic Issues, Free Society, Free-Market, Government Regulations, Government Spending, Health Insurance, Healthcare financing, Liberty, Organizational structure, Patient Choice, Policy Issues, Tax Policy, Uncategorized, Welfare State

Morals Matter in Policy Making

Bastiat.3The notion that there are only two options for healthcare… 1) Central single payer systems vs 2) The current U.S. system or worse…is a false dilemma with false choices.

Efficient economies (socially sustainable marketplaces) utilize multiple financial tools depending on hierarchy of need or desired outcome. And successful self-regulating systems keep as many incentives aligned at the level of the individual end-user as possible; and ensure individual liberty as a first principle.

The desirable balance minimizes tragedy of the commons, maximizes individual responsibility, minimizes bureaucracy & waste, shames/ discourages rent-seeking behavior & cronyism, aligns reward with effort & risk, and always strives to preserve the sovereignty, liberty & choice of the individual as a preeminent principle.

Centralized tax-funded systems often crowd out these other needed tools within the marketplace and are biased heavily towards collective budgetary priorities, as opposed to individual needs/variations.

Posted in big government, Dependency, Economic Issues, Government Regulations, Government Spending, Liberty, Policy Issues, Tax Policy, Uncategorized, Wealth, Welfare State

What’s Required to Finance Roads, Schools, and Healthcare? | International Liberty

To elaborate, not only do jurisdictions such as Hong Kong and Singapore enjoy impressive growth, they also get very high scores for infrastructure, education, and health outcomes.

In other words, these nations are role models for “public sector efficiency.”

What they don’t have, by contrast, are expensive welfare states that seem to be correlated with poor outcome for basic public services.

https://danieljmitchell.wordpress.com/2018/11/08/whats-required-to-finance-roads-schools-and-healthcare/

Posted in big government, Economic Issues, Government Spending, Job loss, Medicare, News From Washington, Policy Issues, Poverty, Progressivism, Reforming Medicare, Tax Policy, Uncategorized, Unemployment, Wealth, Welfare State

Rich Nations that Enact Big Government Don’t Remain Rich | International Liberty

“United States would be almost as poor as Mexico today if growth was just one-percentage point less every year starting in 1895.

That was just a hypothetical exercise.

There are some very sobering real-world examples. For instance, Nima Sanandaji pointed out this his country of Sweden used to be the world’s 4th-richest nation. But it has slipped in the rankings ever since the welfare state was imposed.

Venezuela is another case study, as Glenn Reynolds noted.

Indeed, according to NationMaster, it was the world’s 4th-richest country, based on per-capita GDP, in 1950.”

…Now? Not so much!

https://danieljmitchell.wordpress.com/2018/07/29/rich-nations-that-enact-big-government-dont-remain-rich/

Posted in American Exceptionalism, big government, Crony Capitalism, Dependency, Economic Issues, Free Society, Free-Market, Government Regulations, Government Spending, Influence peddling, Keynesian Economics, Liberty, Organizational structure, Policy Issues, Progressivism, Tax Policy, Uncategorized, Welfare State

Watch “How Big Should Government Be? Left vs. Right #1” on YouTube

Posted in big government, Dependency, Economic Issues, Free Society, Government Regulations, Liberty, Organizational structure, Policy Issues, Progressivism, Representative Republic vs. Democracy, Rule of Law, Uncategorized, Welfare State

Watch “George Orwell and 1984: How Freedom Dies” on YouTube

Personal liberty requires economic liberty; when the latter is suppressed, the former can never manifest.

Whether you’re more in the Orwell camp or the Huxley camp, the problem always begins with a healthy dose of collectivism or statism. Throughout the 20th century, these socioeconomic conditions always seems to deteriorate into oligarical collectivism and eventually into totalitarianism.

Posted in big government, Economic Issues, Government Spending, Policy Issues, Tax Policy, Uncategorized, Welfare State

When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse | International Liberty

Moreover, I will point out that higher taxes most likely will simply trigger and enable additional spending. And I will warn that tax increases will undermine economic performance.
Regarding that last point, three professors, led by Alberto Alesina at Harvard, have unveiled some new research looking at the economic impact of expenditure-based austerity compared to tax-based austerity.

https://danieljmitchell.wordpress.com/2018/02/23/when-americas-fiscal-crisis-hits-be-forewarned-that-tax-increases-will-make-a-bad-situation-worse/