Doing the rounds on Mises circuit I am usually identified as a liberal or a person from the left. I don’t really much care so I take that ID.

However, I think its interesting to note that Reihan Salam lays out a conservative vision for what ails America that I agree with.

(1)  . . .a series of federal (subsidies for mortgage debt) and local (zoning restrictions, rent regulations, etc.) interventions have made affordable, high-quality housing scarce in many of the countries most productive and regions regions . . .

(2) Resistance to HOT lanes, private toll roads, etc., exacerbates the accessibility problem by forcing us to rely on slow-moving public bureaucracies that face a number of political imperatives that compel them to, among other things, deploy labor inefficiently, devote resources to projects that aren’t cost-effective, etc.

(3) Allowing for more specialized educational providers and providing parents with flexible K-12 Spending Accounts (KSAs) could help drive down the cost and quality of education.

(4) By transitioning to competitive pricing in Medicare and catastrophic insurance for all but the sickest and poorest under-65s, we would in theory encourage the emergence of low-cost business models for the provision of medical care,

(5) Per the Chen and Chevalier research, we could take a number of steps to attack the supply constraints on the number of licensed medical providers,. . . More aggressively, we could further empower nurse practitioners and physician assistants to undertake work that is currently the province of physicians.

(6) Reform of the FDA could drive down the cost of developing new drug therapies, making them more accessible.

(7) And I imagine that patent reform would have a salutary impact on middle class in all kinds of unpredictable ways.

I think number (4) is more or less a waste of time but I am not really against it. Perhaps ironically, I think people focus way too much on the demand side in health care. The demand side is too dominated by signaling and emotionality to get any traction. The supply side is where all the action is.

Now I am largely in favor of redistribution, but as always I ask – what’s wrong with cash?

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