Episode 43 – Obamacare Replacement Just More of the Same

Mark Geise Show – Mark Geise

In this episode, I discuss the Obamacare replacement bill proposed by House Republicans. This bill simply takes many of the features of the Affordable Care Act and dresses them up in different language. For those that voted Republican in the hopes that Obamacare would be repealed, you should be outraged by this proposal. This legislation will have the same fatal flaws as Obamacare, but may kick the political can down the road. Republicans have proven time and time again that they are not a small government alternative to Democrats, but instead are just as interested in consolidation of power. I also discuss the bill passed in committee by the Arizona House Ways and Means Committee that would eliminate the state’s restrictions on using gold and silver as currency to conduct transactions. As it stands now, Arizona (and many other states) impose capital gains taxes on gold and silver when it is converted to dollars or traded for goods and services. This bill would eliminate those taxes and allow gold and silver to compete freely with Federal Reserve notes. There is not much that you and I can do to fundamentally change the Federal Reserve through the political mechanism, but we can control how we spend our money and conduct our transactions. This bill and products like Goldmoney, which allow for people to have a debit card attached to an electronic gold account, give us more power than ever to resist the Federal Reserve monopoly of money.

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Suggested Readings/Referenced Articles:
“Energy and Commerce Republicans Release Legislation to Repeal and Replace Obamacare” – House Energy and Commerce Committee
“House Republicans Release Plan To Repeal and Replace Obamacare: Key Highlights” – Zero Hedge
Podcast: “Ep. 76 Has Obamacare Really Saved Lives? Plus: Now Krugman Knows How Libertarians Feel All the Time” – Contra Krugman
“Will Repealing Obamacare Kill People?” – Manhattan Institute
“Why Obamacare’s ‘20 Million’ Number Is Fake” – The Daily Signal
Book: “The Primal Prescription: Surviving The “Sick Care” Sinkhole” by Doug McGuff and Robert Murphy – Amazon
Book: “The Myth of the Rational Voter: Why Democracies Choose Bad Policies” by Bryan Caplan – Amazon
“Arizona House Committee Passes Bill To Support Sound Money” – Zero Hedge
Book: “The Case Against the Fed” by Murray Rothbard – Ludwig von Mises Institute (free, legal PDF/EPUB download)
Book: “The Origins of the Federal Reserve” by Murray Rothbard – Ludwig von Mises Institute (free, legal PDF/EPUB download)
Goldmoney: The world’s gold savings & payments network.