Britain’s Dan Hannan, “Nationalized healthcare has made us iller”. Speaks out on G20 and Stimulus

Hannan: “Nationalized healthcare has made us iller”

This is a brilliant and accurate explanation of the causes of the current crisis and the solutions are hurting us more.

Hannan with heavy sarcasm:

Just what we need to stimulate growth then, eh? More dirigisme, more red tape, more state control, more centralisation. And the markets have risen. Will you never learn, boys?

Recent history in Europe and the US has shown that doing nothing would have been better than what we have done, but smart people came up with ideas such as lowering the corporate income tax, buying up bad mortgage loans to renegotiate them with home owners, forgiving one years worth of student loan payments, forgiving the federal income tax for 9 months etc. These are ideas that would have injected big cash into the economy now. Only 23% of the stimulus was even designed to be spent before the end of 2010. The government spends money for political reasons, whereas citizens and families spend money and pay off debt for economic reasons.