Paul Krugman Thinks That Free Markets Don't Work In The Realm Of Health Care

by Pejman Yousefzadeh on July 27, 2009

Don Boudreaux laughs, and refutes him. I especially like the last sentence: “Reality is more creative than the typical economist realizes.” Something to remember when people like Krugman loudly shout from the rooftops–for their own political purposes, of course–that markets somehow don’t operate in a particular field.

UPDATE: More on this issue from Tyler Cowen.

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