Repealing the Laws of Supply and Demand
By Arnold Kling
When you increase the demand for something without increasing the supply, you either get price increases, or shortages. Neither is what the authors are promising for their bills.
She is referring, of course, to health care legislation, which promises to raise demand, reduce spending, and not create shortages. Thereby repealing the laws of supply and demand.
UPDATE: More stinging (and apt) criticism of health legislation from Jeffrey S. Flier, Dean of Harvard’s Medical School. Read the thole thing.