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  • Just What Price?*

    Posted by Jonathan on November 14th, 2003 (All posts by )

    Thomas Sowell writes:

    Politicians who claim to be able to “bring down the cost of health care” are talking about bringing down the prices charged. But prices are not costs. Prices are what pay for costs.

    (via Samizdata)

    *The economist Frank Knight is reputed to have quipped: “A just price — just what price?”


    One Response to “Just What Price?*”

    1. Dan Says:

      And as P.J. O’Rourke has famously put it, “If you think health care is expensive now, wait until you see what it costs when it’s free.”