Barriers to entry

Adam Smith warned us that merchants are forever looking for ways to protect themselves from competition.  Thirty-five states have a "certificate of need" process that drives up medical costs.

1 comment:

E Hines said...

At least that's the States' individual choice and not a Federal mandate. I'll worry more about it when we've gotten rid of the Mother of Cost Drivers, Obamacare.

Eric Hines