Tuesday, March 30, 2010
If You Like Your Doctor, Sorry.
Remember the line: "if you like your doctor, you can keep your doctor?" Well, not exactly - not if your doctor decides to become a butcher, baker, or candlestick maker because he's had it with the government interfering with his business.
Remember Nancy Pelosi saying: "We have to pass the Bill so that you can find out what is in it?" The Verum Serum Blog has been "finding out what is in it" and writing about some of the unintended consequences of the Bill the Democrats were so ecstatic about passing.
Yesterday, Verum Serum posted a piece about the unintended consequence of a doctor shortage. You can read that here.
On Sunday, they posted a piece about the (maybe) unintended consequence of the severe economic impact of the Bill on some of our biggest job creating corporations. You can read that one here.
Philosophers, economists, social scientists, and historians have been warning us about the Law of Unintended Consequences for centuries. Adam Smith (1723–1790), whose work has probably not been read by anyone in the current administration, was especially wary of the unintended consequences of government action. ObamaCare is about to make a lot of people in Congress painfully aware of what Adam Smith understood (and preached against) more than 250 years ago.
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