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Meaning
This reads as an argument about incentives and unintended consequences, not just about insurance itself. It can be taken to mean that prices are shaped by legal pressure as much as by markets, and it lands in a policy debate where someone wants a concrete way to reduce costs rather than a symbolic fix.
When It Was Said
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Who It Was Said To
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Historical Context
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Source
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Original Language & Translation
Originally said in English.
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About Thomas Sowell
Thomas Sowell is quoted here; further biographical details are not publicly available.
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READ THE SOURCE
Books by Thomas Sowell
Basic economics
2000
Intellectuals and Society
2012
Black Rednecks And White Liberals
2005
Applied Economics
2003
A conflict of visions
1987