In response to:

LA Times Demonstrates Liberals Cluelessness About Basic Economics

canine34 Wrote: Dec 14, 2012 12:51 PM
All of this concern about our collective "health" makes no sense. Our concern is medical care cost, right? Well dead people don't need medical care. If I eat five Big Macs every day and die when I'm 50 years old, I will ultimately be much less of a net cost to the medical care infrastructure than if I eat nothing but bean sprouts and live to be 110. We are all going to die of something. The mortality rate is holding steady at 100%.

There are a few irrefutable laws of basic economics that are understood by practically everyone. When the price of a good rises, people will buy less of it. This is common knowledge to anyone who has bought anything ever. There is also the law of unintended consequences which states that actions, laws, and policies often have secondary effects that differ from the original actions intentions. We have seen this inevitably played out in most laws passed by Congress. Both of these ideas have been around for thousands of years and the father of economics, Adam Smith, articulated them himself...