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Paul Krugman’s One Bad Idea

There is one thing that unites left wing political parties all over the world, regardless of their other differences. It is the conviction that incentives don’t matter. I suspect that a hefty majority of the delegates to the Democratic National Convention sincerely believe that if a price is judged to be too high, government can push it down and nothing bad will happen (e.g., shortages). If a price is judged too low, government can push it up and nothing bad will happen (e.g., surpluses).

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John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the “Father of Health Savings Accounts.”

New from John C. Goodman!
A BETTER CHOICE: Healthcare Solutions for America
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to “repeal and replace” it. However, the question is: Replace it with what?

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