Milton Friedman On Hospital And Medical Care (Prepared by S Milgate - ADF)

In analyzing hospital and medical care Friedman elevated the work of Dr Max Gammon (a British physician) who studied input and output of the British health system and developed the "Theory of Bureaucratic Displacement" which contends "in a bureaucratic system increases in expenditure will be matched by a fall in production" ie, bureaucratic systems are like black holes in the economic universe sucking resources and shrinking "emitted production".