I was listening to some economists talking about different subjects and I really liked how Dr. Walter E. Williams, a professor at George Mason University, defines economic activity. He describes how persons within an economic system get recognized with ‘certificates of service’ for services rendered. For example, if you mow someone’s lawn, they will reward you with a certificate of service. In our economy we call these certificates of service: ‘money’. I like the way this explains why some people have a lot of money and some people have very little money. In most cases those who have a lot of money have performed a lot of service to their fellow citizens.. Those who have not served their fellow man, have very few corticates of service-money.
Every day we grow closer to the full implementation of the Patient Protection and Affordable Care Act (PPACA), which becomes fully enforcable by 2014. This is, conveniently, long after the general elections of 2012 and the politicians who brought this legislation on the American public are safely insulated from their votes on the bill by the short term memory of American voters. However, the effects of the legislation are already taking its toll on the American public, their health care, and the economy in general. I came across several articles recently, which highlight some of the concerns that the opponents of the PPACA have voiced over the past year, since its passage.