"the cost of prescription drugs has little to do with insuring the uninsurable and everything to do with lack of free market pricing in prescription drugs (prices are set by insurance). "
How can you blame free market pricing when the FDA is in full control of what can be sold in competition? Third-party pay by the government is a big reason why many drugs can be priced to a level where they simply would not be able to sell if consumers have to pay for it themselves. This higher price in turn makes the drug unaffordable to the average consumer . . . thereby politically "requiring" even more subsidy.
"well i learned it at yale and mit. i was appealing to the vulgar medium in case that was your only exposure to nash and his legacy. "
You are way too simplistic in constructing your nash equilibrium. You are ignoring the long-term consequence when a game is played repeatedly by the same players, especially when outside intervention can be counted on to the rescue . . . a common problem I noticed when I was taking an econometrics class at MIT.
"with fractional reserve lending, there can be a run on any bank and it will make it come tumbling down. that's the nature of the beast. you may disagree with the implemenation of that policy, but nevertheless it is a fact: your money just ain't there. "
So tell me again, why exactly should us and our great grand children be taxed in order to pay for the Maseratis of those fractional reserve bankers?
"so you want to be the only guy with a stash of treasury bills while the rest of the country wallows in 25% unemployment, economic stagnation, widows and orphans eating catfood in the gutter? is that really an option? i think not."
Absolutely not. If it were up to me, the Treasury Bills should be defaulted, so nobody will ever dare to lend to the government ever again. Sovereign debt is fraud. It is no different from if I took out a loan on your house, and you have no say in it, and we don't even know each other. High unemployment is the result of labor laws and regulations; if the labor price can freely fluctuate, the market should clear at some point, whatever it is. Sure, the nominal income may be lower, but the cost of living (i.e. hiring someone else to do things for your in return) would also be lower. Widows and orphans being reduced to eating catfood is usually the result of robbery by the government through hyperinflation (in order to bail out the fat cat fractinal reserve bankers driving Maseratis). Government can print money, but it can not print food.
