Milton Friedman gave a lecture on the economics of the medical industry: <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=ss5PxPlnmFk" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=ss5PxPlnmFk</a> . He discusses the AMA&#x27;s guild-like tactics at one point (<a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=MAjOryNaDkA" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=MAjOryNaDkA</a>), but their folly is a theme throughout.