It’s Time to De-Sovietize Health Care

by Jeffrey Tucker
Daily Reckoning

My good friend professor Yuri Maltsev died last week and I’ve spent several mourning days recalling our conversations.

He was a leading economist in the old Soviet Union, as the top adviser to Mikhail Gorbachev’s chief economist. He defected in 1989 before the Soviet Union fell apart. We became fast friends just after he landed in D.C., and we spent a year or more together collaborating on many projects.

He was a font of amazing stories about how things really worked in the Soviet Union. Contrary to what U.S. economists were claiming until the very end, it was not a rich country with mighty industrial achievements. It was a poor country where nothing worked.

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