Colombia Joins Argentina and Venezuela in Adopting Backward Economic Policies »

The Colombian government recently “persuaded” food producers to agree to have the prices of some of their goods “frozen.” Soon the prices of products like red meat, fish, dairy, eggs, grains, and processed foods will be set by the Colombian government. Once imposed, producers of these goods will be unable to raise their prices. According...
Read More »

Sorry, Vegan Eatery—Good Intentions Don’t Absolve Your Economic Sins »

I frequently teach economics principles courses, offering many college students their first exposure to the subject. While we cover all the basics—supply and demand, elasticity (consumer and producer sensitivity to price changes), taxation, trade, and externalities—I’m under no illusion that most of them will remember a lot of the material come a year from...
Read More »

The “Right to Shop” for Health Care »

Anyone who has undergone a medical procedure knows it is very difficult to figure out how much an insured patient will pay out-of-pocket. It is often not clarified until months after the procedure, when a flurry of incomprehensible paperwork from insurers, doctors, labs, et cetera, has landed in the patient’s mailbox. (Personal aside: A...
Read More »

Economics 101: Uber’s Prices Don’t “Exploit” People »

The past few weeks have been full of travel—between Denver, Atlanta, Louisville, and Washington, D.C., I’ve had more than my fair share of layovers and flight delays. (I was also forced to contemplate what terrible thing I might have done to deserve sitting next to the woman who let out a scream every time...
Read More »

HSAs Force Health Providers to Compete »

Megan Johnson, a self-employed single mother in Dallas, had severe pains in her side and back, just below the ribs. Her doctor said it was possibly kidney stones, but a CT scan would be necessary to confirm the diagnosis. Megan’s doctor gave her the name of an outpatient radiology department near her home. A...
Read More »

Quality Competition Without Third-Party Payers »

In those healthcare markets where third-party payment is nonexistent or relatively unimportant, providers almost always compete for patients based on price. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, where there is price competition, transparency is almost never a problem. Not only are prices posted (e.g., at walk-in clinics, surgicenters,...
Read More »

A Trip to Sam’s Club and Wal-Mart »

Charles Courtemanche and I have gotten a little bit of coverage with our paper on Big Box retailers and obesity. Here’s the abstract: We estimate the impacts of Wal-Mart and warehouse club retailers on height-adjusted body weight and overweight and obesity status, finding robust evidence that non-grocery selling Wal-Marts reduce weight while grocery-selling Wal-Marts...
Read More »

Incentives Matter: Blood Money »

The Memphis Commercial-Appeal reported on Thursday, August 7 that Memphis and Mid-South area blood collection facilities are going to have extra hours on Friday with everyone who tries to donate getting a $10 gift card to Kroger. At issue is the reported shortage of O-positive blood, described as “extremely critical” by a representative from...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org