The fact that economists are “mystified” is flat out sad.
Huh The free market stuff gets cheaper and better The stuff controlled by government gets more and more and more expensive and worse of course always worsehttps://twitter.com/business/status/1157757803139915780 …
Economists are completely mystified by this chart. These things have become cheaper over time:
Food
Clothing
Cars
Electronics
While these things have soared in price:
Health care
Child care
Education https://bloom.bg/31hn2GQ via @bopinion pic.twitter.com/jfU6p56nez
Food
Clothing
Cars
Electronics
While these things have soared in price:
Health care
Child care
Education https://bloom.bg/31hn2GQ via -
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Education. It is valued entirely by inputs (prestige, tuition), not output (productive value). Yes, there is sort of an output value estimated from what 30 years prior graduates have earned. That is crazy. Education should be striving to reduce costs and increase output -->
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value. How are classes produced? Why is it efficient to make college 4 years long, then fill that time with whatever courses are available. That is crazy. BTW, elite colleges choose an IQ elite. They would make more money whether or not they learned anything.
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Agreed. But food's not getting cheaper, it's just that the portions are getting smaller.
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You can’t tell the difference between products in a supply chain and services requiring professional trained staff? This baffles you that they’re not the same?
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And people are still dying ok n the streets
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Flat screen
are super cheap these days. - 1 more reply
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uh huh... if the market is free
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Unless its prescription drugs
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I just bought several pairs of Wrangler Blue Jeans for $9 a pair Free market for the win
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Imagine that, something that I was taught in school actually confirmed by Bloomberg news.
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And worse ... the government should not have their hand in Enterprise
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Food: Only heavily-subsidized chemical crap is cheaper. Clothing: Cheap foreign labor. Cars: Doubled in price since 1982. Electronics: Cheap foreign labor. Health Care/Child Care/Education: Performed in America by "expensive" Americans. Can I collect my Ph.D. in Economics now??
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I think food has gotten more expensive these past five to ten years but that’s just me
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Maybe because there is an influx of cheaper goods coming from outside the US. This seems to be having a regulatory affect on domestic goods globally.
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