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.
"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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.