Why does healthcare in America seem so broken? There’s actually a very simply reason: the people receiving the care are not the people paying for the care. As always, he who pays the piper calls the tune. Russ Roberts breaks it down:
So why doesn’t a hospital work better? The answer I think, is [...]
Lately, the dollar has been sinking lower and lower. Indeed, Nixon was President the last time the dollar was this low. A lot of people are really upset about that. I’m having trouble understanding why. Take this commenter for instance:
The dollar, as predicted is being crushed. We are now at Par with the [...]
Megan McArdle (August 29, 2007) - America: exporting high wages abroad (Labor markets)
I’m always bemused by globalisation doomsday scenarios in which all of our jobs move to China (or India) in order to take advantage of low-wage workers. If we really do lose all of our high-productivity jobs, and no longer make anything [...]
While in Massachusets, Mitt Rimney created the “RomneyCare” mandated health plan. Now that he’s running for President, he’s getting ready to push for a free market solution.
Romney to Pitch a State-by-State Health Insurance Plan - New York Times
It relies on federal incentives for market reforms, tax deductions and other changes to encourage people [...]
Will Wilkinson presents his Health Care Fantasia that includes the following prescriptions for cheaper health care: decartelization of doctors, abolishing the FDA, offering real insurance markets, creating a health care ideas futures market, creating electronic diagnostic services, allowing people to have big health care savings accounts, and forcing people to have a catastrophic insurance plan. [...]
According to FoxNews, Mayor Ray Nagin said that New Orleans residents should be allowed to rebuild anywhere — as long as they do so at their own risk. Quoth the good mayor I don’t recommend you going in areas I’m not comfortable with. I’m confident that the citizens can decide intelligently for themselves..
Actually, I am [...]
Occasionally I’ll get asked about why I always advocate “letting the market handle it”. Various people think it’s a naive answer and one that places too much blind faith in capitalism. From now on, when I hear that question, I’ll simply point the inquisitor to Professor Boudreaux’s convincing answer. An excerpt:
People too often [...]