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Who gets to say what "too big" is? I'd rather see a healthy energy sector than the continued eclipsing of everything else by finance. Health care will eat ever
by ArkyBeagle 11y ago
Who gets to say what "too big" is? I'd rather see a healthy energy sector than the continued eclipsing of everything else by finance.
Health care will eat everything now anyway. Medicaid is going to be the real estate purchaser of last resort - if you live long enough to outrun Medicare, the State (not the Federal gov't ) will get your house. No amount of estate planning will prevent it.
High energy prices could be quite useful right now - we'd seen actual drops in measures proportional to carbon being added to the atmosphere. I'd rather see that done in the market than by government fiat. It is just that government fiat takes a couple-three generations to get calibrated.
And I have a really funny feeling about your "at the expense of the rest of the economy". I didn't buy that in the 1980s and I don't buy it now. We're not exactly seeing an explosion on consumer spending.
- Zigurd 11y agoIt is even more arbitrary to do it the way gdp is added up now: if plenty is good, more must always be better, and always counts toward a larger gdp. What's too much? That's why people study statistics, so they can spot the outliers. 5x other similarly industrial nations is probably too much health care spending. Draw the line at some mathematically defensible place.