My friend Peter Robinson at the Hoover Institute at Stanford was kind enough to pass along a copy of my book The End of Medicine to his colleague, Nobel Laureate and father of free market thinking, Milton Friedman, who sadly passed away yesterday at the age of 94.
From: "Peter Robinson"
----- Original Message -----
From: Milton Friedman
To: Peter Robinson
Sent: Monday, July 17, 2006 10:59 AM
I am delighted to have Andy Kessler's The End of Medicine. I appreciate his suggesting that you send me a copy. But one good turn deserves another. If you will let Gloria know the mailing address for Andy Kessler, she will send him a reprint of my venture into the medical field published in The Public Interest about two years ago.
It goes in a very different direction but it is entirely complementary to Kessler's idea.
A few days later, I received a Xerox copy in the mail of a piece by Milton Friedman titled “How to cure health care”. It is a terrific piece, found here and some of it discusses Gammon’s Law, best summarized by this:
He observed that in "a bureaucratic system . . . increase in expenditure will be matched by fall in production. . . . Such systems will act rather like ‘black holes,’ in the economic universe, simultaneously sucking in resources, and shrinking in terms of ‘emitted production.’"
Trying to have good manners, I fired off a quick thank you note: