and then there's imperfect info in political markets...

I just blogged about limited information within economic markets. Here's a nice example of limited info within political markets. (Political market info is usually worse, given its complexity, subtlety and diffusion over a large population.) If we're going to regulate the former, shouldn't we regulate the latter?

A brief excerpt from an article by Laura Ungar in the C-J...

As health-care costs have grown, so has mainstream support for universal health care. Last year the U.S. Conference of Mayors passed a resolution in favor of Conyers' bill. And according to an April New York Times/CBS News poll, 57 percent of respondents said they'd be willing to pay higher taxes so all Americans could have insurance they can't lose.

The survey is imprecise because it does not explore the extent to which people would be willing to pay higher taxes. To the point about limited info, people are not aware of that extent-- or the extent to which health care would be rationed under various proposals.