By Hunter Lewis
Mises.org
January 23, 2018
In this Fox article, Edward K. Glassman, my long ago Harvard classmate, author of Dow 36,000 (predicting Dow at that level by 2005), and current director of the George W. Bush Institute, extolls our free market medical system. The first reader to comment agrees that we have a “ free market” system, but thinks that “ profit based healthcare” should be “outlawed.” Another reader thinks that we actually have “socialized medicine.”
So what do we have? I think the most apt description would be crony capitalist medicine, one in which powerful special interests conspire with government officials to create legally mandated monopolies, with the specific goal of thwarting free market competition.
Here is how it actually works:…. Read More