Subject: Re: Trump To Allow Crypto In 401K's...
And if it was a "Fact" that every other teenager in town smokes weed that's the right way to go?

No. But if it was a fact that no other teenager in town smoked weed, then you'd lack data about what the impact of smoking weed on teens was.

Again, I'm not using the fact that no other country has the system you're describing as an argument that we should or should not have that system. I'm pointing out that because that system doesn't exist, we don't know whether it would have the real-world impacts you're assuming.

You mean other than the 400 years or so of the history of human economics applied across the globe?

Yep. Because the 400 years or so of the history of human economics applied across the globe have taught us that sometimes markets don't work. You keep reciting the lessons of Econ 101 about why markets are good. But in Econ 201, we learn that sometimes markets have characteristics that keep them from functioning properly - and that in such instances markets can be bad unless the government intervenes. I mean, the irony is that this is exactly what you're proposing. The independent actions of all the private market participants in health care have not produced the type of transparent and price-based market that we expect in the absence of market failure, and you're proposing some external policy be imposed on the market to change that.

I'm taking it easy on you by not noting how the US has 3x more MRI machines per capita than the Canadians do, for example.

And I'm taking it easy on you by not noting how Japan has more MRI machines per capita than the U.S. does, for example. Sometimes you can't learn much of import by looking at an isolated example in only one other country.