Why is there a Shortage of Medical Equipment to Fight COVID-19?

Gary Becker, a Nobel Prize winning economist from the University of Chicago was once asked what government’s mainly produces. “Lines” he replied.

So here we are in March 2020 with the economy screeching to a halt and citizens staying in their homes largely as a result of government decree. The reason? There is not enough equipment available to test to see who has COVID-19 so that they might be isolated and treated, and the spread of the disease stopped.

Why did we lack adequate supplies of diagnostic kits, hospital beds and other treatment facilities and equipment? Routine bureaucratic incompetence. See the video below. Then think again about a “single payer” system.

JFB

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Joe Benning