Systemic Inefficiencies Quotes

I think on the efficiency level, not only the distribution level, capitalism is a flawed system. It probably has the same virtues as Churchill attributed to democracy: It's the worst system except for any other. And I think that's right, but it cannot be thought that some unmitigated belief in free markets is a cure even from the efficiency point of view.

Institutions are created to address human frailties and human failures to meet human needs, but unfortunately, institutions are staffed by humans, so more institutions are created to address the failures of the original institutions.

Although many of us consider ourselves forward-thinkers, we still cling tenaciously to the old values of the monetary system. We accept, without sufficient consideration, a system that breeds inefficiencies and actually encourages the creation of shortages.

There's lots of things that can be solved with cash. And there's occasional things that can't be solved with cash, which become a bureaucratic nightmare for some reason, and there's no distinction between the two.

We all understand that the Affordable Care Act is not working perfectly. In fact, any major piece of legislation like this has to be tweaked over time, has to be improved over time.

There's lots of things that can be solved with cash. And there's occasional things that can't be solved with cash, which become a bureaucratic nightmare for some reason, and there's no distinction between the two. There's no way of reading a situation and saying, "Yes, that'll be a bureaucratic nightmare, but that one we'll be able to buy off." It just depends on the day, apparently.

For four years, I listened to stories of intelligence failures, and it wasn't due to incompetence of anyone in the system, but that the system is so arcane.

I don't believe that the problems in the VA are necessarily about money. When I look back over the problems of the VA over the past decade, this is fundamentally a system that hasn't kept up with modernization in the way that the rest of health care in the private sector has.