Re:Food Prices Are Soaring Faster Than Inflation and Incomes
by bradleyjg on Monday March 08, 2021 @09:36AM
(#26386185)
Education and healthcare have pathological cost growth in large part because they aren’t subject to ordinary market pressures (the consumers are either over a barrel and can’t say no or aren’t paying in the first place). We need to fix them but it would be a mistake to let those pathologies drive monetary policy.
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Re:Food Prices Are Soaring Faster Than Inflation and Incomes
by evrydayhustling on Tuesday March 09, 2021 @10:20AM
(#26399586)
I don't have many proactive opinions about monetary policy, but it's worth noting that health care and education together make up 25% of US dollar-valued GDP and significantly more than that of GDP growth. If their pathologies enable them to successfully suck up spare dollars, that is a meaningful hole in the bucket for efforts meant to impact other behaviors.