Reforming healthcare is something that only gets more complicated with time. Rising costs, increased government involvement, and complex insurance policies only compound the problem further. These are problems that have been going on for decades with no clear resolution. But, what about looking at healthcare from an economic standpoint? Can market forces solve the problem? Noted economists Milton Friedman and Alain Enthoven once sat down to discuss exactly that. The start of the problem, they found, came when employers became primarily responsible for providing healthcare. What started off as government price controls has evolved into the system we have today …
We have to talk about the elephant graph in the room. It shows that all the world’s poor and the very richest in rich countries increased their income a lot between 1988 and 2008. But look at the west’s middle class – nothing. They are the losers of globalization. Dead wrong. Numbers can play tricks if you don’t look at the whole picture. Here’s Free To Choose Media Executive Editor and Cato Institute Senior Fellow Johan Norberg on how.
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