Milton Friedman Speech At the Mayo Clinic in 1978
Government's Health Care Role
Rising Cost of Health Care
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, September 15, 2009
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
Priceless, he could reach across the aisle. Why he is vilified in the press today is beyond me. I watched him in countless debates decimate his opponents. A true American treasure.
While perhaps having some validity 30 years ago, the premise that the AMA has something to do with licensing physicians today is totally false. Physicians are licensed by state medical boards comprised of appointed members, the majority of which are often lay people. A very small minority of physicians actually are members of the AMA these days
Friedman didn't say that AMA controlled licensing. He said government did, and it does. AMA controls the schools who train doctors and without a degree from an approved school you cannot even sit for a licensing exam. Friedman's comments are as valid today as they were in 1978.
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