Government And Business

What Jonathan Gruber Teaches Us about Obamacare

By now you’ve probably seen the video of Obamacare architect Jonathan Gruber, in which he admits that deceiving the American public, whom he calls “stupid,” was necessary in order to pass the law. Since the video went viral, Gruber has tried to walk back his comments amid a hail of rebukes. But perhaps we should thank him: his comments in the video expose the ideology underlying Obamacare. Gruber put into words the collectivist mindset behind how Obamacare was passed and the law’s substance.
ARI News

ARI in the Debate: A Brief Update

On November 4, 2014, ARI fellow Don Watkins gave his talk “End the Debt Draft: How the Welfare State Is Exploiting Millennials” to the Capitalism and Global Supply Chains class at Sam M. Walton College of Business at the University of Arkansas.
Government And Business

Message to Future Doctors: You Matter

Tonight I’m speaking at a panel event for medical students at Georgetown University. Titled “The ACA and the Evolution of Our Health Care System,” the event will explore how Obamacare impacts doctors. The event is organized by the American Medical Association’s chapter on campus.
Government And Business

Policy Digest: Regulatory State Edition

In Tuesday’s Wall Street Journal, Alex Tabarok reviews a new book that provides yet another glimpse into the inner workings of our destructive regulatory state. The book, called Innovation Breakdown: How the FDA and Wall Street Cripple Medical Advances, chronicles the fight by a company called MELA Sciences to win approval from the FDA for a noninvasive method for detecting skin cancer. Initially enthusiastic about the product, the FDA later turned against the company when a new FDA director with a less favorable view of business came on board. The author of the book, who was the company’s CEO at the time (he has since retired), spent a year of his life at great personal cost fighting with the FDA before prevailing.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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