"There are two Affordable Care Acts. There's the legislation passed by Congress in 2009, and then there's the mythical Affordable Care Act – the perfidious 'government takeover' decried and demagogued by so many conservatives (and quite a few liberals). The former is quite popular, the latter gets decidedly mixed reviews."
ObamaCare and the Dodd-Frank Act: What Would Hayek Say?
As the title implies, this piece gives a brief overview of Friedrich Hayek's economic principles and then relates them to the regulations imposed by the Patient Protection and Affordable Care Act. The author declares that "[t]his Outlook ... will apply Hayek’s analysis to regulation, the modern substitute for planning, focusing on the two major initiatives of the Obama administration—the universal health care plan known as ObamaCare and the financial regulations embodied in the Dodd-Frank Act. The question we will explore is whether the regulation under these two legislative initiatives would have provoked the same kind of concern from Hayek as the interest in economic planning he saw as the road to serfdom."
More About This Topic...
Click thumbnails below to view links