Monday, October 22, 2007

Isn't "Market Reform" an Oxymoron?

Matt Yglesias visits Mitt Romney's website:

I was interested to learn more about Romney's plans for health care reform. So I clicked over to the Romney health care issues page where I learned that "The health of our nation can be improved by extending health insurance to all Americans, not through a government program or new taxes, but through market reforms." And that's it. Absolutely no further explanation or elaboration.

Aren't markets supposed to be, you know, kind of self-generating? Supply and demand, all that stuff? Why should government "reform" the market if markets are inherently good, efficient and unneedful of government interference?

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