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[Japo]

Hehe I don't want to carry yet another whole economics discussion, I'll leave it here. I just wanted to provide another explanation for the crisis. And to its credit the Austrian school prophesied the 29 depression and this one beforehand.

The case you mention isn't financial or monetary so it drifts the topic. But well if there's demand for more doctors there will be more doctors and their prices will drop. Besides what I think is that free trade creates enough prosperity in the long run so that anyone can pay a cheap insurance. Nevertheless given the suboptimal world we live in it's not that I would refuse public help in a particular situation, I'm not unhumanitarian out of principle. (Paying for health care doesn't imply setting up a state-run health care system, however.) Anyway you surely know that really rich people reach a point where the only thing they can think of to do with their money is giving it away to the needy. Bill Gates quitted Microsoft because running his foundation and disposing of his pesky millions is a full-time job. :P

Anyway as I said, I'm over and out. :P I encourage eveybody to read the links I posted above.

EDIT:
I'd like to mention one point I forgot. :P You don't have to be anti-socialist and believe in an economy without a central bank to deplore the inflationist policies that got us here again. This is no other than Keynes, ten years before the Great Depression--pretty prophetic too:

Originally Posted by http://en.wikipedia.org/wiki/Stagflation

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some." [...]

"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." [...]

"The inflationism of the currency systems of Europe has proceeded to extraordinary lengths. The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance." [...]

"Thus the menace of inflationism described above is not merely a product of the war, of which peace begins the cure. It is a continuing phenomenon of which the end is not yet in sight." [...]

However the Austrian school "is able to diagnose" what Keynes admits being unable.