View in: Desktop
Copyright @2024 TigerDroppings.com. All rights reserved.
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Posted by
Message
quote:
Three huge sectors — housing, healthcare and education — are getting more expensive without a corresponding increase in quality
If you want to know what happened to consumer spending and the economy, this is where the money went. Government involvement in housing (Section 8, FHA loans, interest rate manipulation, subprime lending, ect) have driven up prices by distortig the market in a very big way. Involvement in education (forced bussing, teacher's unions, federally insured student loans, pell grants, ect) have caused costs to spiral out of control. Healthcare is the same. More government involvement means increasingly higher prices.
The farther removed the consumer of a service is from the one who pays the costs of said consumption, the more price inelastic they will be. Because so many who use healthcare, education, and housing are not paying out of pocket for the vast majority of the cost (at least up front), costs are allowed to raise without the demand for the service dropping. Government, the working poor, the middle class, and the wealthy absorb the higher costs so the poor can continue to use these services for free.
This post was edited on 12/8 at 10:51 am
Back to top
Follow TigerDroppings for LSU Football News