Paul Krugman does not understand very much about health care. He says, “The hard choices are all political.” He does not understand that there are two major issues in health, number one being, do you want a system about health or one about disease, and number two being, technology.
If you do not understand these two issues, as it is obvious, Mr. Krugman does not, then it would be like interviewing Willie Mays about whether the red line should be eliminated in ice hockey.
A Nobel prize in economics is one thing, understanding the economics of health care is quite another.
Paul Krugman has an agenda.
He is not promoting what he believes, he promotes what he wants.
The nationalization of banks -also discussed in this interview- is another example, as is the unfounded demonization of Goldman Sachs.
The medical-industrial complex? A cliche from the 60’s, any substance behind it?
The US can certainly do better in health care. But more honest and objective views will have to prevail.
Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July '08. After a flat reading in Aug, (didn't fall b/c of the CARS program), non revolving debt outstanding fell by $4.9B. Revolving (mostly credit cards) balances outstanding fell by $9.9B. To fully put into perspective today's data, look at the current level of consumer credit (doesn't include mortgages, the biggest chunk of consumer credit) relative to GDP. As of Q3, it totaled 17.2%...
July 3rd, 2009 at 8:54 pm
Paul Krugman does not understand very much about health care. He says, “The hard choices are all political.” He does not understand that there are two major issues in health, number one being, do you want a system about health or one about disease, and number two being, technology.
If you do not understand these two issues, as it is obvious, Mr. Krugman does not, then it would be like interviewing Willie Mays about whether the red line should be eliminated in ice hockey.
A Nobel prize in economics is one thing, understanding the economics of health care is quite another.
July 3rd, 2009 at 10:42 pm
Paul Krugman has an agenda.
He is not promoting what he believes, he promotes what he wants.
The nationalization of banks -also discussed in this interview- is another example, as is the unfounded demonization of Goldman Sachs.
The medical-industrial complex? A cliche from the 60’s, any substance behind it?
The US can certainly do better in health care. But more honest and objective views will have to prevail.