When the government pays, health care's lack of affordability becomes a self-fulfilling prophecy. In health care, as in … - Arnold Kling

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Worried about an IRS audit? Avoid what's called a red flag. That's something the IRS always looks for. For example, say you have some money left in your bank account after paying taxes. That's a red flag

Arnold Kling

When the government pays, health care's lack of affordability becomes a self-fulfilling prophecy. In health care, as in other things, government is the high-cost producer.

Government, Self, Cost, Affordability, Pays

Same Author Quotes

I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us?. . . [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman argued that no matter how wise the officials of government may be, market competition does a better job of protecting us from idiots.

Government, Job, Jobs, Milton, Protecting, Wise

The prescription for better health care is more freedom to innovate, not remote-control surgery from Washington.

Care, Health, Remote Control, Surgery, Washington

Your generosity is reflected in what you do with your own money, not in what you do with other people's money. If I give a lot of money to charity, then I am generous. If you give a smaller fraction of your money to charity, then you are less generous. But if you want to tax me in order to give my money to charity, that does not make you generous.

Order, People, Generosity, Fraction, Make, Charity

Anyone who believes that we can afford collectively what we cannot afford individually is delusional.

Believe, Delusional, Collectively, Afford, Believes

I am worried about climate change. In one respect, I may be more worried than other people. I am worried because I have very little confidence that we know what is causing it. . . . One of my fears is that we could reduce carbon emissions by some drastic amount, only to discover that-oops-it turns out that climate change is being caused by something else.

Carbon Emissions, People, Climate, Amount, Worried