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Obamacare’s Next Round
For all the acrimony in Washington over Obamacare, there’s an intriguing consensus around one issue: the ratchet effect. Neither side uses the term, but both the right and left treat it as an article of faith. The term was coined by the libertarian economist Robert Higgs. In his book “Crisis and Leviathan,” Higgs describes how the state takes on massive new powers during a crisis, usually wars...Read More
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