Actually my degree is in economics. When I got it, the arguments were in terms of "utiles" instead of dollars. A utile would encompass quality, but was such a nebulous concept that it was of very little practical use. So when I said "rationally economic" I was speaking in terms of dollars, which you can measure and not utiles or feelies which you cannot. I dont think that giving everyone an HSA is going to give Friedman's desired result of lowering health care costs, because it depends on people making dollar based decisions. I think improvements in the cost structure will be made the monopolistic components of health care, including drug pricing, and reactions to insurance optimizations like factory medicine.
I made the decision to switch from economics to programming a long time ago, pretty much for the reasons I gave above. I WAS expecting a scientific approach and pretty much got mumbo jumbo like Friedman's essay. And if you think things are very much better, how come Greenspan and the quants and politicians lead us into this economic disaster we have now. I will admit that my attention to theories economic since then have been superficial, and great strides in understanding may have been made, but I dont see it yet.
I made the decision to switch from economics to programming a long time ago, pretty much for the reasons I gave above. I WAS expecting a scientific approach and pretty much got mumbo jumbo like Friedman's essay. And if you think things are very much better, how come Greenspan and the quants and politicians lead us into this economic disaster we have now. I will admit that my attention to theories economic since then have been superficial, and great strides in understanding may have been made, but I dont see it yet.