Think that's bad? You should see how many people (Texas teachers, no less) will spend almost $10,000 more in health insurance premiums, just to save $2500 off their deductible!pic.twitter.com/CoQpyZw03N
So predictable, people who don’t understand basic economics create an endless groundhog day of unintended consequences. People drive further to save on gas, it doesn’t help pollution.https://twitter.com/GasPriceWizard/status/1115444913448075266 …
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All kinds of insurance is like this. You can save big bucks by having a higher deductible.
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Think of all the CO2 generated by people driving to get a better price for gas. Ironic.
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I was just talking about this with a friend in terms of groceries people going to 5 stores to save on prices but what did they spend in gas to do it.
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It seems some people have more time than money. How much is an hour worth anyway?
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Careful with Economics, it's like psychiatry: a nasty modern thing that doesn't actually help, It's one of the weeds that filled the gap created by the collapse of Europe. You want an economics expert? Hold a seance with a director of the East India Company.
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Interventionists, Marxists, Keynesians are the flat-earthers of economics.
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