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:

  1. 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

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