paul386 wrote:
My name is paul, which is where my sn comes from. But yes, I am a Ron Paul supporter.
The AMA is a private organization, but achieves superficial powers because all states require that the you have an AMA license to practice medicine. The AMA is a group who tries to limit the number of doctors on the market to keep the salaries high. Without the law requiring AMA licensing the quality of medicine would be unaffected, but the cost would drop significantly because there would be a lot more doctors.
Of course one could elect to pay the premium and visit an AMA approved doctor. But why not also offer an individual the choose to visit an un-licensed doctor if that is what their budget can afford.
It is like saying if you cannot afford a Cadillac, you should not be able to buy a car. It is stupid.
Well, there are other organizations that provide licenses, like the AOA. However, I would agree that licensing is part of the problem. To me, however, I would prefer that licensing be socialized, so that anyone with the ability could get a license, instead of setting it up so that only certain people can afford medical school.
paul386 wrote:
In regards to the Great Depression:
The "bad lending practices" were a result of the Federal Reserve issuing banks loans a artificially low interest rates. The same thing that has sparked the current recession. The Federal Reserve is at the heart of almost all economic issues since its conception. Todays dollar is worth less than $.04 of what the dollar was worth when the Federal Reserve was created in 1913.
Part of that was due to buying stocks on margin, however, which involved banks loaning out all the money they had (or virtually all of it). Without reserve requirements in place, banks essentially made it impossible for people to withdraw their funds when they needed to as the stock market fell. To me, this is a failure of not enough regulation, not too much.
After reserve requirements were put into place, things changed mostly for the better. There are other issues I take with the Fed Reserve, however, like the bailout of Bear Stearns. So, I definitely wouldn't mind revising the system some. I'm just not ready to ditch it altogether.