[ExI] socialism

[Dan TheBookMan]

On Feb 24, 2019, at 10:35 AM, Stathis Papaioannou <stathisp at gmail.com> wrote:
> It’s even more striking given that for other goods and services, the US is significantly cheaper than most comparable countries.

Not as surprising when you consider that governments in the US spend more on healthcare. This raises demand and hence prices, which then feeds the call for more subsidies. (And historically this has been the case for decades now; so it long precedes ObamaCare and the like.) In a similar fashion, US government spending on higher education has resulted in huge surges in the price of higher education. (And, if Bryan Caplan is correct, most of this has gone into costly signaling rather than improving life or productivity.)

Regards,

Dan
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