11/18/2011

11/18/2011 Class33

When you assert some positive economic rights, what you are also assuming is that some one's gonna be around to provide that.

Rights cannot exist separately from duties and obligations.

Once an efficient beuarocracy isn't collecting money, it will become incapable of doing things better.

Some people do need medical care more desperately than others, so jumping line is desirable.
Private payments to doctors actually call for more medical care and short line.

When you allow ration by price, what you actually do is set people free to make their own choices.

The beauty of market in the price system is that you don't have to ask folks whether they need certain stuff.(If goods are rationed rather than price, people may cheat or waste supply)


Price forces us to (1)evaluate cost trade-offs of buying a certain good (2)consider values that others place on the goods.


Is it possible or principal to make health care access independent of income, wealth, social status, and other characteristics?
No, because wealthy people can get into better hospital and get better service.

Even it's possible, is it desirable?
No, it's disgusting. You have to waste other resources (time, energy) to get free medical care.

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