1) Unleash Prosperity’s Five Simple Ways to Fix Health Care

The long-awaited House Republican health reform bill is rumored to be coming next week.

This is our Unleash Prosperity checklist of common sense reforms we will use to judge it and any other versions that are proposed.

We have also revised and expanded Unleash Prosperity Now's full Accountability, Competition, Transparency or ACT Agenda on the health care project website.

2) Another Day, Another Climate Change Lie

We know this news will knock you right off your chair, but it turns out that one of the major climate change apocalypse studies has been retracted.

The highly cited study, published last year in the prestigious journal Nature, predicted that the world's economic output would drop by multiple trillions of dollars - a decline of 62% by the end of the century if drastic anti-fossil fuel measures weren't taken. It became the basis for recommendations by the World Bank, the IMF, the Congressional Budget Office and even the Vatican for sweeping actions to slow economic growth.

We aren't scientists at Unleash Prosperity, but we immediately smelled a rat when the study came out. For example, we noted in the HOTLINE that it would be virtually impossible for a slight warming in the planet's temperatures to cause a REDUCTION in agricultural output.

Also, the experts can’t even tell us what GDP will be next year, so it’s the height of academic arrogance to predict 75 years from now.

When the flaws of the study were brought to light, the authors of the study issued their obligatory "oopsy-daisy" statement for their 200% error, but instead of slinking off into the academic wilderness, they repeated their claim that humanity will perish if we don't build more windmills.

One obvious question is why the media, the academic community, and even the clergy suspended any sense of disbelief and bought into these lunatic predictions?  Maybe it's because they WANTED it to be true. If you hate capitalism and human flourishing, what better way to stop it than to take away people's electric power and turn off the lights?

The second obvious question is whether these prophets of doom will PLEASE stop lecturing us about following the fabricated “settled science?”

You all know the answer to that!

3) What’s Wrong With Trump’s FDA?

They are worse so far than the Biden FDA in their pace of approving new drugs.  This is unnecessarily keeping potentially life-saving drugs off the market.

Here's a disturbing chart showing that the FDA had approved only 39 new drugs so far this year through yesterday, on pace to be a lower total than any year of Trump's first term and three of Biden's four years.

We are reminded of the words of our hero Milton Friedman:

'The FDA has already done enormous harm to the health of the American public by greatly increasing the costs of pharmaceutical research, thereby reducing the supply of new and effective drugs, and by delaying the approval of such drugs as survive the tortuous FDA process.'

Most other Trump regulatory agencies are dialing back regulatory overkill, but the FDA gears are grinding more slowly than ever. Even though every delay in bringing a new drug to market means people needlessly suffer and die.

Someone please tell President Trump, who a little over six years ago signed a "right to try" order for drugs deemed safe. Now he has an FDA which has ordered "no right to try."

4) In the Long Term, Stocks Always Win

We got a lot of pushback from HOTLINE readers on our “Dow One Million” prediction earlier this week. (We like the feedback, positive and negative, so keep 'em coming.) The complaint was: past performance is no guarantee of future success.

Our point is that this maxim is TRUE in the short term, as we've already learned at least three times this century, but not in the long run.

5) China's Answer to the Population Implosion: Tax Condoms

This doesn't seem like nearly enough to fend off the country's demographic collapse, but it's hard to argue with the basic logic:

China will impose a value-added tax on contraceptive drugs and devices - including condoms - for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy.

Under the newly revised Value-Added Tax (VAT) Law, consumers will pay a 13 per cent levy on items that had been VAT-exempt since 1993, when China enforced a strict one-child policy and actively promoted birth control.

At the same time, the revision carves out new incentives for prospective parents by exempting childcare services - from nurseries to kindergartens - as well as eldercare institutions, disability service providers and marriage-related services. The changes take effect in January.

Ironically, it was only 30 years ago the Chinese communists engaged in forced abortions, infanticide (mostly girls), and sterilization as part of their "one child" crime against humanity policy.

We will give President Xi credit for understanding the Laffer Curve in his taxation of contraceptives policy. If you tax something, you get less of it.

6) How About "Never?" Does That Work for You?

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