Monday, June 29, 2009

Krugman's Comment

on the subject of Mankiw's article:
the standard competitive market model just doesn’t work for health care: adverse selection and moral hazard are so central to the enterprise that nobody, nobody expects free-market principles to be enough.

Update: Mankiw responds to Paul.

This is moreso a testament to Greg's civility in these issues. Paul Krugman is, however, justifiably bitter after being called all kinds of nasty things through the previous administration's tenure. Hence, however, my choice to highlight the meat of Paul's response rather than the insults.

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