Monday, December 03, 2012

Two Krugmans Enter, One Krugman Leaves

Paul Krugman likes to contradict himself but never have I seen it happen within a single column. Writing on health care costs, he states:
But even as Republicans demand “entitlement reform”, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are dead set against anything like that. Bargaining over drug prices? Horrors!
I agree, being able to bargain over drug prices is a good thing. Makes sense: being able to bargain and not blindly accept forced prices is a hallmark of free-markets. But later he writes:
If cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y were serious about deficits, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y’d be willing to consider policies that might actually work; instead, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y cling to free-market fantasies that have failed repeatedly in practice.
Ah, but you might say that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 goal is to allow cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government more bargaining power and since cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government increasingly has monopsony power (like a monopoly but cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re're few buyers racá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r than few sellers), it's not a free-market. In ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r words, Krugman tells us that monopsonies are actually desirable, which is endorsing a law which states only Microsoft gets to hire engineers. Even non-economists should understand why that's a bad idea.

That's not cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 only issue with today's column--cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 claim that private firms apparently have no incentive to reduce costs is equally strange and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 point that an underfunded voucher system won't work is equally obvious (since it's underfunded!)--but those are for anocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r post.