Friday, January 6, 2012

How many years does it take for Princeton profs to discover simple facts?

Evidently there is a trade-off between the degree of uniformity in a health-insurance system and the time and money costs of operating such a system. Reinhardt
Central planning incurs information loss. We knew this in 1940, Princeton students might get to learn this some day, but first Princeton profs have to figure it out.

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