Monday, February 04, 2008

Same ole - Megan McArdle accuses Paul Krugman of intellectual dishonesty which is a little like calling fire "hot." On the projected cost overruns in Massachusetts' "it's for your own good" health care system:

The main gist of the post linked by Professor Krugman is that the cost to the state of Massachussetts is less than $400 million, because the Federal government will be kicking in part of the cost. This is, of course, brilliantly irrelevant to any argument over national health care, since the Feds don't have another government to contribute to the kitty.
Well, China will "contribute" but they'll probably want their money back later. But maybe not! We can hope.

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