As I suggested yesterday, and – on a different matter – as Bob Murphy suggests elsewhere, Robert Reich’s knowledge of economics is no better than is a teenaged shoe-salesman’s knowledge of cardiology.
John Cochrane rightly condemns government-imposed restrictions on the supply of medical care. Here’s his opening paragraph:
In my view, health care supply restrictions are more important than the insurance or demand features that dominate public discussion. If you are spending your own money, yes, you shop for a good deal. But spending your own money in the face of restricted supply is like hailing a cab to LaGuardia at 5 o’clock on a rainy pre-Uber Friday afternoon. We need to free up innovative, disruptive health-care supply. Let the Southwest Airlines, Walmarts, Amazons and Apples in.
In the same vein, see Chris Conover.
Things at that great geyser of cronyism, the U.S. Export-Import Bank, are getting sleazy. Tim Carney explains.
Norbert Michel exposes the ways that Dodd-Frank restricts competition among financial firms.
