Realist, not conformist analysis of the latest financial, business and political news

American Inflation Since 1998 – Computers And TVs Decline by 98%

A fascinating little chart of inflation rates for goods and services over the past couple of decades.

As a little test, which things does the government control, price, create a cartel in or allow a cartel in? And which are subject to the terrors of proper free market competition?

No, American health care is not a vicious free market, it’s a cartel, just for those trying to pay attention at home.

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BarksintheCountry
BarksintheCountry
1 year ago

The US government also sets prices for most of the health industry through Medicare and Medicaid rates coupled with laws that require a provider to do so regardless of ability to pay.

literate3
literate3
1 year ago

Did you fail to notice that UK healthcare is not a free market either? Massive amounts of regulation on the so-called private sector (some of which is nominally but not actually applied to the NHS). The Daily Wail had a front-page article yesterday about the massive subsidy paid by self-funding residents (or their families) in residential care homes to the local authorities who pay for other residents: allegedly £21k pa or 36.8%

Jonathan Harston
Jonathan Harston
1 year ago
Reply to  literate3

I don’t understand this horror of having to sell the home you’re moving out of in order to fund the home you’re moving into. That’s happened every single time I’ve moved house, I would be amazed if I was allowed to do so without having to sell the old place to pay for the next place.

literate3
literate3
1 year ago

My wife and kids are quite aware that if my wife and/or I have to go into residential care then I think that any cost not covered by my pension should be recovered from the sale of the house that I/we shall no longer need. What I was pointing out is that the UK healthcare service is NOT a free market with the monopsonist local authorities able to screw the independent providers. Almost all of those respond by screwing the self-funders with a significant minority going bankrupt despite screwing the self-funders. A tiny minority who are able to fill all… Read more »

Colin
Colin
1 year ago

Well I’m sorry, but when I started work in the mid 70’s, the Government sent me a little card with a number on it. ‘National Insurance’ number it was called. Upon further investigation I discovered that the Government would take a chunk of MY money each week to cover the costs of any healthcare I needed, provide a pension in my old age (although at that point I thought the age of 25 was one foot in the grave…) and cover the costs of any care I needed in old age. No choice, no option, I must pay. Well they’ve… Read more »

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