Quote:
Originally Posted by ChinoCoug
I was an economics major, I don't have a PhD. You sound sound like you had economics. Didn't you learn anything about externalities, asymmetric information, misaligned incentives, etc.?
I don't know any economist who believes that markets never fail.
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Sure I understand about those items. I just believe that when the government gets involved its not a good thing. My expertise is the medical industry. I don't believe any other industry has as much government intervention as that one. The major payor in the industry is the government. State government in trying to "fix" market failures have enacted various regulations (certificate of need etc...). Which create many other market failures which is the primary reason everyone's Medicare tax (1.9%) and Insurance rates are so high.