By Arnold Kling
My latest essay is on this topic.
it sets up a false set of expectations about what government can do. For example, people believe that government can regulate financial markets so that there are never any bubbles or miscalculations, no decent borrower is turned down, and no one ever defaults on a loan.
Read the entire essay. It mentions Shannon Brownlee’s new book, Overtreated. In spite of her hindsight bias, and her anti-market bias, this is a very useful book. I think that anyone with an interest in health care policy will benefit from reading it.