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The gap between what one knows and what one thinks one knows may be higher in the ranks of the elite. The result is supposedly-clever government interventions, introduced with excessive confidence, leading to disastrous results.
Arnold Kling -
The only person you are qualified to pronounce unreasonable is yourself.
Arnold Kling
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The prescription for better health care is more freedom to innovate, not remote-control surgery from Washington.
Arnold Kling -
What we should be comparing is not the existing market configuration with an ideal based on a simple model but the market process of error correction with the political process of error correction.
Arnold Kling -
I think that the main issue with inequality is not the gap between the rich and the poor. It is the gap between the earnings of top business leaders and the salaries of academics and journalists.
Arnold Kling -
Anyone who believes that we can afford collectively what we cannot afford individually is delusional.
Arnold Kling -
Constitutional provisions are not barriers to government misconduct. At best, they can be speed bumps.
Arnold Kling -
After over half a century of employer-provided health care coverage, the American people have developed a phobia of paying for health insurance themselves.
Arnold Kling
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I have come to believe that politicians are in the business of 'marketing' their product to the public, by exaggerating threats and over-selling government solutions.
Arnold Kling -
When the government pays, health care's lack of affordability becomes a self-fulfilling prophecy. In health care, as in other things, government is the high-cost producer.
Arnold Kling