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Doctor Death Will See You Now

December 23, 2009
Gary North
12/23/2009

Dr. Keynes’s Health Care Prescription

This December 21, 2009 headline marks what I regard as the triumph of Keynesian dogma in the American equity markets. I can think of no headline in the last 30 years that better illustrates the triumph of Paul Samuelson, whose health care expenses finally ceased last week.

The Senate did not read the bill that Harry Reid shoved through stage 1 of the process at 1 a.m. on Monday morning. Because the Obama Administration has pressured Congress so hard to get some kind of a health-care package submitted to him, no matter what it says, Nancy Pelosi and the Democratic leadership of the House are now under tremendous pressure to accept whatever the Senate finally puts in front of it.

The story continues …..

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