Brilliant article. This is a new slant. Maybe “permissionless innovation” will become a meme. I’m an organization transformation consultant and I share a great deal of your economic/libertarian background. But this combination of ideas, and a phrase to capture this idea, should be a huge contribution to many. Great work!
Not only that, but also individuals would know the true cost of insurance particularly if they get sick and their premiums start to rise as a result. As it is now the true costs are obscured and the market is distorted.
The fact that we have insurance at all distorts the real cost of medicine and healthcare; but that’s…
This is the problem with my country and a large section of the African continent. Everything government should come into it. Hard work and good business practices are subjected to excessive scrutiny that stifles creativity and productivity. Thanks prof for this thoughtful rebuttal