Saturday, August 7, 2021

In the news, Tuesday, July 27, 2021


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JUL 26      INDEX      JUL 28
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from The American Spectator

In a CNN interview with Anderson Cooper that aired in June, Barack Obama weighed in on perceived GOP anxieties. Instead of worrying about the economy and climate change, worries he thought appropriate for Republicans, “Lo and behold,” he told Cooper, “the single most important issue to them apparently right now is critical race theory. Who knew that that was the threat to our republic?” I would argue that critical race theory, CRT for short, is not only a threat to the republic but also a threat to our families. Obama has already shown the damage that race can inflict on family, starting with this own. In March 2008, with his campaign floundering after the toxic Rev. Wright tapes surfaced, Obama played the CRT card to salvage his candidacy. During a critical speech in Philadelphia, Obama reminded his audience that “so many of the disparities that exist between the African-American community and the larger American community today can be traced directly to inequalities passed on from an earlier generation that suffered under the brutal legacy of slavery and Jim Crow.” This was pure CRT. The fact that none of Obama’s relatives descended from slaves went unmentioned.

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from Mises Institute
RIGHT-CENTER BIAS, MIXED


MARK SPITZNAGEL: AT WHAT PRICE SAFETY?
From public policy to private investing, it is the central question of our time: how high a price should we pay to keep ourselves safe from harm? And this begs even more fundamental questions: should risk mitigation come at a cost at all, or should it rather come with rewards? That is, shouldn’t risk mitigation be “cost-effective”? And if not, what is it good for? ... The fact is, safety from risk can be exceedingly costly. As a cure, it is often worse than the disease. And what’s worse, the costs are often hidden; they are errors of omission (the great shots that could have been), even as they mitigate errors of commission (the bad shots). The latter are the errors we easily notice; ignoring the former for the latter is a costly fallacy.

A recent article on this page highlighted a stunning situation in which a surgery clinic in Oklahoma City was able to offer outpatient procedures at less than one-tenth of what local hospitals were charging to third-party payment systems such as insurance companies and Medicare. This was a significant article in many ways, in that it presented what truly is a shocking picture of what really happens in the medical care systems in this country. At the same time, I was not surprised that Dr. G. Keith Smith’s clinic was able both to offer high-quality services at prices that are within the reach of most Americans and do it in an economical and convenient manner. After all, a free market economy has done the same with nearly all other privately offered goods and services for centuries and medical care should be no exception.

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from Spokane Daily Chronicle

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from The Spokesman-Review
Newspaper in Spokane, Washington

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