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Asteroid Strikes, Plague, and Economic Meltdown: Government Shutdown 2018! | The Daily Bell

Posted by Martin C. Fox on January 22, 2018

http://www.thedailybell.com/news-analysis/asteroid-strikes-plague-and-economic-meltdown-government-shutdown-2018/

Asteroid strikes, flu plague, and economic meltdown.

According to CNN, that is what we should fear from this “government shutdown.”

People have to hype it up in order to give the impression that the government matters.

In reality, this just reveals why we shouldn’t trust the government to do anything essential in our lives.

If political fights in DC can put people at that kind of risk, then we should get these services from organizations that have incentives to deliver.

Congressmen won’t lose their jobs over this, except in the unlikely event the voters from their district fire them. More likely they will blame representatives from other districts.

But without Congress luring us into a false sense of security, other organizations would fill the gap.

For instance, who might have an incentive to make sure a public outbreak of the flu doesn’t become epidemic? I would bet health insurance companies would be interested in saving costs by monitoring the flu’s progression. They would save money purchasing services from an agency that monitors and sells disease data.

As for the economic meltdown, this is another iteration of the broken window fallacy. This is the incorrect idea that the economy is stimulated by a broken window due to the money spent replacing the window. But since resources are limited, the truth is that a window will be made instead of something else. So whoever has to buy the new window will have to spend less on, say, going out to dinner.

And the same holds true for non-essential government services. It’s right there: non-essential. These things are not necessary but have become a mundane recipient of bloated government funding…

Be seeing you

be seeing you

 

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