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Archive of posts published in the tag: Russ Roberts

Health Market Realities

To those who claim insurance is immune to market forces, I would suggest that the problem is that it is not.  If a grocery store was required to get a certificate of need to open up a new store and the competitors got to make the decision what would likely happen to the price of food.  What would happen if an association of grocers could determine who is allowed to sell food?  What would happen to the price of your auto insurance of you filed a claim for oil changes and preventative maintenance? What happens to anything when you restrict supply and expand demand?

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Of the Elites, By the Elites, and for the Elites

“Progressivism was exactly a doctrine of the elites, by the elites, and for the elites. They said–I mean, their objection to market society was that markets function so annoying well, without the supervision of intellectuals.”

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The Danger of Consensus

“we are on a trajectory to increased sluggishness economically, which will mean increased ferocity politically as we use political power to allocate wealth and opportunity, which we used to assign to markets.”

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A Checklist of Priorities

Pragmatism is considered the antithesis of ideology but fails to recognize that it has become an ideology.  Ideological is not the same as dogmatic.  Ideology according to Goldberg is checklist of priorities. 

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Progress and Pain

from the WSJ Notable and Quotable: The Human Side of Trade by Russ Roberts Suppose a scientist invents a pill that once you take it lets you live until 120 with no health issues whatsoever. Once you turn 120, you

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‘Other Stuff’

from Cafe Hayek, Krugman and Other Stuff by Russ Roberts. When it’s convenient, Krugman ignores the “other stuff.” (We all do.) So according to Krugman, the economy of Kansas is struggling because the governor cut taxes. One variable explains everything. We can

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