COMMENTARY

Econ 101: Health Care Reform

The market needs less government inefficiency not more to improve the system and lower health care costs.

By Gary Wolfram
Business & Media Institute

Nearly 90 years ago Ludwig von Mises, one of the founders of the Austrian school of economics, pointed out that once government intervenes in a market it creates unintended consequences that lead to further government intervention. This process continues until the government attempts to control the entire market.

America’s health care industry is a perfect example of what.....









Commentary
Econ 101: Health Care Reform
The market needs less government inefficiency not more to improve the system and lower health care costs.

By Gary Wolfram
Business & Media Institute
7/15/2009 1:30:29 PM

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Nearly 90 years ago Ludwig von Mises, one of the founders of the Austrian school of economics, pointed out that once government intervenes in a market it creates unintended consequences that lead to further government intervention. This process continues until the government attempts to control the entire market.



America’s health care industry is a perfect example of what