Not much to say

Not much going on.

Trump’s still the President. I must say, my expectations had been so low, that some of the stuff he’s done has been a pleasant surprise. He seems to have dealt a blow to the Affordable Care Act, which is good for Americans. If he would push for a truly free market in medical services, then it would be even better.

Health insurance is a horrible method for financing medical services, since neither the provider nor the direct consumer has incentive to keep costs low.

In addition, the government’s intervention into the medical services market only drives up prices and reduces quality. For instance, it is a government rule in some states that a new hospital cannot be built without providing a “certificate of need”, or some such nonsense. What it boils down to is that hospitals that are already present can veto a new facility’s construction. This limit on competition drives up prices and decreases the quality of the service.

President Trump talks about cutting regulation. I endorse that sentiment, but I’m afraid that what will happen is that somehow the regulatory burden will be increased.

President Trump is also still harping on making “good trade deals”. Well, the only thing he needs to do is to get out of Americans’ way, and let the private firms and individuals make whatever trade deals they deem necessary.

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