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In the Year of Our Lord

Written By: Jacob Hornberger  |  Posted: Tuesday, April 13th, 2010

Ludwig von Mises pointed out that one government intervention inevitably leads to more interventions in order to address the crises that are generated by the previous interventions. Ultimately, Mises said, the crises continue getting so bad that the government ends up taking over the entire sector.
That principle perfectly describes the area of health care.

The United States once had the finest health-care system in the world, one based on the principles of economic liberty and the free market. That changed in a big way in 1965, when liberal statist Lyndon Baines Johnson secured passage of Medicare and Medicaid, socialistic programs that provided "free" medical care for the poor and elderly.

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