Politicians and bureaucrats clearly have no idea how complicated markets are. Every day people make countless tradeoffs, in all areas of life, based on subjective value judgements and personal information as they delicately balance their interests, needs and wants. Who is in a better position than they to tailor those choices to best serve their purposes? Yet the politicians believe they can plan the medical market the way you plan a birthday party.

We have all kinds of government compensation systems that are much more efficient than the lawyers.

There's no business that's too small for government to torture

I'm a libertarian. It's a terrible word.

Competition leads both drug companies and private regulators to be trustworthy. If they are not trustworthy, they die.

What I've learned in 40 years of consumer reporting is that the market is imperfect, and some people get ripped off.

As coercive monopolies that spend other people's money taken by force, governments are uniquely unqualified to solve problems. They are riddled by ignorance, perverse incentives, incompetence and are self-serving.