Congress Can’t Repeal Economics

by John Stossel

It’s raining! I don’t like it! Why hasn’t Congress passed the Good Weather Act and the Everybody Happy Act?

Sound dumb?

Why is it any dumber than a law called the Patient Protection and Affordable Care Act, which promised to cover more for less money?

When Obamacare was debated, we free-market advocates insisted that no matter what the president promised, the laws of economics cannot be repealed. Our opponents in effect answered, “Yes, we can.”

Well, Obamacare has barely started taking effect, and the evidence is already rolling in. I hate to say we told them so, but … we told them so. The laws of economics have struck back.

Continue reading . . .

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