Covering the similarities between Obamacare and Romneycare The Washington Post’s Ezra Klein wrote on July 26th:

[E]ven a cursory read of the evidence would show that whatever the drawbacks of central planning, it covers people at an extremely low cost. Romney Care’s cost problem is a result of pasting a coverage-oriented quick fix atop our insane health-care system. Compare its costs to the British system, the French system, the German system, or any other system, and whatever your conclusions, you won’t walk away unimpressed by the ability of cen

First, this reasoning violates Cannon’s First Rule of Economic Literacy: when … Continue Reading