Hat tip to Dr. Boudreaux over at Cafe Hayek for these articles.
Enjoy.
Foreign aid
Donald J. Boudreaux in the Pittsburgh Tribune-Review
"Suppose Toyota sells a $20,000 car to an American and then immediately uses that $20,000 to buy software from Microsoft. Because the value of additional U.S. imports (a car) equals the value of additional U.S. exports (software), there's no change in the U.S. trade deficit."
Following the Money, Doctors Ration Care
Tyler Cowen in The New York Times
"UNEQUAL access to health care is hardly a new phenomenon in the United States, but the country is moving toward rationing on a scale that is unprecedented here. Wealthy people will always be able to buy most of what they want. But for everyone else, if we stay on the current course, the lines are likely to get longer and longer."
