Posts Tagged ‘health care rationing’

Are free market prices and government rationing the same thing?

Thursday, September 3rd, 2009

Quotes of the Day:

American Colonel: “How dare you relax our rationing system, when there’s a widespread food shortage?”

Ludwig Erhard (German economics minister):“But, Herr Oberst. I have not relaxed rationing; I have abolished it!”

Subject: Are free market prices and government rationing the same thing?

If you tell someone that government-controlled healthcare will lead to rationing, they may respond by saying, “Healthcare is already rationed, by prices. If you can’t afford a treatment, you can’t get it.”

This seems like a powerful argument, but it isn’t. Here’s why . . . (more…)