Subsidies: Fueling Egyptian Turmoil

The time is 8 am. During March 2012, 200 people at a depot just west of Cairo are waiting for a truck delivery of butane cylinders. One gentleman yells, “Please, I’ve been waiting for 10 days to get my cylinder–who can…

Cheap Health Care!

A recent “Investor’s Business Daily” article includes a great graph. Downward sloping, the graph represents health care spending by consumers. While aggregate spending skyrockets, individuals are paying less out of pocket. http://www.investors.com/NewsAndAnalysis/Article.aspx?id=516427 You see where this is going and what…