What are doctors worth?

Doctors have higher average IQs than their patients. Society gives doctors halos to wear. Few would argue with the assertion that power corrupts. Few would even suggest that there are exceptions. Doctors are empowered both by their superior intelligence and the status society affords them as well as by advantages given them government.
So, given that power corrupts, it stands to reason that doctors on balance are more corrupt than others in business. Go to an emergency room or even an office visit these days and any doubt about their being corrupt will disappear. Emergency rooms no longer even hide their goal of cleaning you out as completely as is possible. Treatment is not even a close second in terms of goals.
Unless you have a condition beyond what a smart high school student could diagnose, the doctor will collect a fee and send you to a specialist. Chances are the specialist will see your complaint as elementary, do nothing for you and collect a huge fee. Medical professionals have become what economists call rent seekers. The market they work in is rigged in their favor and they have convinced themselves that society owes them just for being who they are, independently of any work they might end up doing.
When a business can only charge what the market will bear, attitudes towards customers improve markedly. The healthcare market is rigged in favor of providers and patients routinely get gauged mercilessly. Treatment and cures are highly illusive unless it is for something you could diagnose yourself.
When Obamacare gets rolling, things will only get worse.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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