The Cato Unbound issue on health care has reached the rebuttal stage. I write,
…So I agree with Holt’s diagnosis, that health care providers have too much political power. But his prescription–to put more of the health care system under the purview of government–seems perverse. It is like telling someone with adult-onset diabetes to go eat more doughnuts.
Jan 17 2007
Michael Mandel says no. Proposed definition: Economics is the study of the functioning--and malfunctioning--of the economy, with the aim of improving living standards My justification for a different definition is that there are big chunks of the economy where scarcity is not important, in any but a formal sense...
Jan 17 2007
Robert M. Carter, et al write, peer review is both too inbred and insufficiently thorough to serve any audit purpose, which we believe is now essential for science studies that are to be used to drive trillion-dollar policies. The authors (dismissed as "the usual suspects" by global warming believers) make a case tha...
Jan 17 2007
The Cato Unbound issue on health care has reached the rebuttal stage. I write, ...So I agree with Holt's diagnosis, that health care providers have too much political power. But his prescription–to put more of the health care system under the purview of government–seems perverse. It is like telling someone with a...
READER COMMENTS
jb
Jan 17 2007 at 3:48pm
Another simile would be “It is like telling someone with adult-onset diabetes to go seek counsel and treatment from Hersheys.”
It remains a source of astonishment to me that people believe that governments are somehow more virtuous than other organizations, despite the horrific track record to the contrary.
Paul Zrimsek
Jan 17 2007 at 5:44pm
I like to think of jb’s point in the form of a Brad DeLong headline:
WHY CAN’T 1/7 OF OUR ENTIRE ECONOMY BE UNDER THE DIRECT CONTROL OF THESE IDIOTS?
I gather from Arnold’s rebuttal that he was able to figure out what Holt meant by “cross-subsidies” in catastrophic insurance. That’s more than I can say for myself! Is KlingCare going to require community rating in this market or something?
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