by Summary:
How about letting the market work? Why not let the price of monoclonal antibodies rise until supply equals demand?If we did so, a thousands medical ethicists would scream about how rationing by price favors the rich.Suppose instead that we ration by political power—give it first to people with lots of clout:The Money IllusionPower >>>>> moneyScott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
How about letting the market work? Why not let the price of monoclonal antibodies rise until supply equals demand?If we did so, a thousands medical ethicists would scream about how rationing by price favors the rich.Suppose instead that we ration by political power—give it first to people with lots of clout:The Money IllusionPower >>>>> moneyScott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes I am I said
Lars Pålsson Syll writes The non-existence of economic laws
Lars Pålsson Syll writes The non-existence of economic laws
Michael Hudson writes Gaza – Civilization will Win over Barbarism
How about letting the market work? Why not let the price of monoclonal antibodies rise until supply equals demand?The Money IllusionIf we did so, a thousands medical ethicists would scream about how rationing by price favors the rich.
Suppose instead that we ration by political power—give it first to people with lots of clout:
Power >>>>> money
Scott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University