My greatly esteemed friend Vernon Smith turned 86 years of age yesterday. Vernon is, among other things, the leading figure in the development of experimental economics, for which he shared the Nobel Prize in 2002. For various methodological reasons, I have never been a fan of experimental economics. To me, it represents the sort...
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In recent posts I’ve discussed problems with Medicaid—problems about the quality of care, wastefulness, and unfairness in the current system. What should be done about Medicaid? An alternative favored by many health policy analysts and some governors is to replace the current Medicaid system (and its tangle of rules and regulations) with unrestricted block...
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