2 ms·
I’d argue that the basic obligation of the government is welfare, at its core. Everything else is an implementation detail in service of that. If the (regulate
by bhupy 7y ago
I’d argue that the basic obligation of the government is welfare, at its core. Everything else is an implementation detail in service of that.
If the (regulated) market can bring down equilibrium prices to the minimum, then the government’s role could be to provide health stamps or cash to those in need, similar to food stamps (which can arguably be reformed).
- mulmen 7y agoI think that’s a fair expectation of government. It may be that the market can deliver care at the lowest cost but what if the market delivers that lower cost by limiting supply? Say they don’t offer service in some areas or limit some procedures?
- bhupy 7y agoThen the next question is: historically, which systems of resource allocation have been able to successfully avoid supply shortages of the thing in question, markets or government allocation?