Wednesday, November 7, 2007


...Russ Robert's podcast with Arnold Kling outlines the libertarian solution to health care. My main problem with his argument is that it focuses completely on the moral hazard problem and not on the adverse selection problem created by the insurance market. It is true that the government make mistakes in a single payer system, but many people would still prefer this. Private medicine requires people to take on large amounts of financial risk or pay a high premium. Regardless, Econtalk is an excellent podcast and everybody should give it a listen. Get the audio here.

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