(2011-08-01) Kling Health Education Distorts Innovation

Arnold Kling and Nick Schulz believe that Market Distortion in Education and HealthCare, two growingly-significant sectors of the US economy (alongside government-employment and possibly Leisure - Education Healthcare And Leisure), reduces potential for Innovation, at a cost to long-term GDP. Government distortion affects both the supply and demand sides of both these markets, making it hard to tell what behavior from anyone is rational (Cargo Cult).