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Nathan Ashby's Economics Blog

Monday, September 21, 2009

Mankiw on Healthcare

There is an inevitable trade off between people's conceptions of fairness and inequality:

"Inequality in economic resources is a natural but not altogether attractive feature of a free society. As health care becomes an ever larger share of the economy, we will have no choice but to struggle with the questions of how far we should allow such inequality to extend and what restrictions on our liberty we should endure in the name of fairness."
Posted by Nathan and Holly Ashby at 1:30 PM

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My Economic Philosphy As Stated in the Book of Mormon

"...there was much peace in all the land, insomuch that the Nephites did go into whatsoever part of the land they would whether among the Nephites or the Lamanites. And it came to pass that the Lamanites did also go whithersoever they would, whether among the Lamanites or among the Nephites; and thus they did have free intercourse to buy and to sell, and to get gain, according to their desire. And it came to pass that they became exceedingly rich both the Lamanites and the Nephites; and they did have an exceeding plenty of gold and silver, and of all manner of precious metals, both in the land south and in the land north." (Helaman 6:7-9)[Emphasis Added]
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