Finance Geek

"Singapore, I think, has the closest thing to the sort of system Hayek had in mind. Among wealthy countries, it spends the smallest percentage of GDP on health care, and it gets about the best results. You know what that’s called? Efficiency. How do you get it? Competitive markets with freely moving prices under the rule of law! It’s the sort of thing you’re in favor of if you want everybody to have access to really good health care and money to spend on things other than health care."

So Hayek Basically Had Ezra Klein’s Views on Health Care, Right? (via jimdew) (via continuum)

Great article on free markets, libertarianism, and how it is possible for governments to take care of all their constituents without completely screwing up the market for healthcare.