The Trouble With the American Healthcare System

Economists like to say do nothing is always an option, but new rules are often just sheet metal on a ship. McCloskey: Take the American healthcare system, which is a layered, filo dough,. layers of filo dough, construction of the state; protected and sponsored monopolies. In that case, extracting the sensible supply and demand equilibrium, so to speak, in this terrible system where you put so many rules on it isn't possible.