Too Rich to Fail

But we are now injecting politics ever more deeply into the American economy, whether it be in finance or in sectors like health care. Not only have we failed to learn from our mistakes, but also we’re repeating them on an ever-larger scale.

via Economic View – ‘Too Big to Fail’ Is Dangerous, in Finance and Health Care – NYTimes.com.

Tyler Cowen gets to the nub of the problem with both the financial crisis and health care reform. The problem is too much political interference in the economy. This has been the fault of Republicans and Democrats, liberals and conservatives. Alas, change is not on the horizon.

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