In this Freeman piece, economics professor Sandy Ikeda discusses seven durable myths about the free market. Among them, and the most timely, is that prior to Obamacare, we had a free market in health care, which didn’t work well, thus creating the need for government to step in. Actually, we had a terribly distorted and inefficient system due to government regulation and intervention going back many decades. Instead of working to free up the system, however, the statists in power decided to greatly increase the extent of government domination.
by George Leef