Should you be able to buy and sell a doctor's appointment?

The video discusses the allocation of healthcare resources through vouchers, emphasizing the difference between willingness to pay and actual need. It highlights the subjective nature of 'need' and the trade-offs involved in economic decisions. The video also explores societal perspectives on market mechanisms, questioning when individual rationality may not align with societal benefits, thus addressing fundamental economic issues.

Why is the term 'squishy word' used in the context of needs?

In what ways can individual rationality conflict with societal benefits?