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03/21/2010

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It does not follow that because we do not subsidize smoking, we should not regulate unhealthy activities. Costs and savings are not the only variable. The fact that obesity creates costs is merely an additional reason to regulate it, not the only one. The main reason is its danger to an individual. You are dismissive of subsidizing smoking precisely because of this moral intuition.

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Yes... it seems that the media is very biased to their own way of thinking and hasn't improved since you wrote this article.

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Harry

I fear that ultimately the S110 billion from the IMF and the EU will only stall the inevitable - Greece will default. With negative growth forecast (a shrunking economy) for the ccoming years I fail to see how Greece will bein a position to borrow on the international markets.

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Time the dutch stopped keping silent and opened their mouths

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Can't resist: There is a drug for adult acne problems, and for years it was a pill taken twice a day for something less than a buck a day. Now they've a once a day pill that costs some 10 times as much. Well, the insurance guys have caught on to that, so instead of a $7 copay on the cheap one they charge something like $30 or so on the more costly one. Ha! the drug merchants see to it that dermatologists have lots of $30 coupons for their patients. Good biz, eh? as their $30/month turns into $300/month less the coupon cost........ and maybe a trip to the Bahamas for the prescribing docs?

Emma

I define soviet-style capitalism as economic behavior driven by unbounded greed, devoid of ethical consideration, purely selfish in nature, with concern only for short-term profits, and with no thought to the long-term interests of clients, minority shareholders, or society in general.

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Ah yes, because one should always judge your own opinions by what others consider mainstream and respectable - otherwise you could accidentally end up thinking for yourself.

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Rosetta Stone

Despite the measures taken by the government, it is desperately seeking financial aid from EU countries or failing that the International Monetary Fund: that is, it wants to borrow more money, and at lower interest rates than are available from private lenders, in order to avoid defaulting on its public debt or, alternatively, reducing government spending even more sharply than it is doing, with potentially serious political consequences.

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Read your blog. Interesting!! Now how can Europe, which owes even its name to Greece, exist without Greece, that's another question.

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PPPKINGDOM

The banksters at it until they pull Greece down. Next will be Spain.


https://pppkingdom.wordpress.com/category/ppp-2/about-ppp-private-placement-programs-money/

Penny Stocks

Great article on the greek crisis. Let's all pray for a swift recovery so that we dont have to brace ourselves for another major blow to the euro.

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