Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Thursday, October 13, 2005

NYC Passes Health Act to Keep Out Wal-Mart

From the New York Post:

October 12, 2005 -- The City Council voted yesterday to override Mayor Bloomberg's veto of an anti-Wal-Mart bill aimed at making the retail giant and large grocery stores provide health-care benefits to their workers.

The Health Care Security Act, which the council has admitted is an attempt to keep big-box stores like Wal-Mart from setting up shop in the Big Apple, was opposed by the Bloomberg administration.
Kip Esquire, who has written several items about this Act, says,

[T]he Act codifies three simple principles of legislative intent:

--It is better to be unemployed than employed.
--It is better to pay higher prices than lower prices.
--It is better to have less variety than more variety.
Cross-posted at Always Low Prices.
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