When the government pays, health care's lack of affordability becomes a self-fulfilling prophecy. In health care, as in other things, government is the high-cost producer.
Arnold KlingThe gap between what one knows and what one thinks one knows may be higher in the ranks of the elite. The result is supposedly-clever government interventions, introduced with excessive confidence, leading to disastrous results.
Arnold KlingPhelps has given us a clear warning of the dangers of corporatism. I hope that more people hear and heed the warning.
Arnold KlingAnyone who believes that we can afford collectively what we cannot afford individually is delusional.
Arnold KlingI am worried about climate change. In one respect, I may be more worried than other people. I am worried because I have very little confidence that we know what is causing it....One of my fears is that we could reduce carbon emissions by some drastic amount, only to discover that-oops-it turns out that climate change is being caused by something else.
Arnold Kling