Random Things to Read
24th October 2007
Arnold Kling points to some interesting stuff. A teaser:
It strikes me that we use the same formula to raise prices in both health care and education. (a) Subsidize demand; (b) Restrict supply using accreditation rules.
Consider that health care and education are the last two major areas of human life that haven’t benefited significantly from automation. In health care, people are sensitive to quality, so price goes through the roof. In education, people are sensitive to price, so quality goes in the toilet.