Elfin Magic

by Don Boudreaux on December 27, 2009

in Health, Prices, Reality Is Not Optional, Regulation

Here’s a letter that I sent to the New York Times:

Paul Krugman applauds the fact that the health-care bill passed by the Senate “ban[s] insurance discrimination on the basis of medical history” (“Tidings of Comfort,” Dec. 25).

If it’s good policy to ban contracting parties from taking account of reality – from taking account of facts that are central to the very reason a contractual exchange takes place – then Mr. Krugman should also applaud legislation that bans, say, the New York Times from rejecting columns submitted by authors less talented than he.  After all, why should someone’s pre-existing condition of having no talent at writing an entertaining newspaper essay be used as an excuse by a big, powerful, profit-seeking corporation to deny an otherwise worthy person the opportunity to publish in your august pages?

Donald J. Boudreaux


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