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Perhaps a lot of the disagreement over healthcare reform, and maybe other policy issues as well, stems from the fundamental question of what kind of institutions a person trusts. Some people are naturally skeptical of profit-seeking firms; others are naturally skeptical of government. … I tend to distrust power unchecked by competition. This makes me particularly suspect of federal policies that take a strong role in directing private decisions.
Greg Mankiw: Trust
Just when I think there’s little value in following unfiltered economist posturing and blog squabbling, one of them comes up with something thought-provoking that reminds me they’re the kinds of thinkers I appreciate.
