4 ms·
The greater (lower) the degree of government involvement in the provision of a good or service the greater (lower) the price increases (decreases) over time, e.
by albertop 6y ago
The greater (lower) the degree of government involvement in the provision of a good or service the greater (lower) the price increases (decreases) over time, e.g., hospital and medical costs, college tuition, childcare with both large degrees of government funding/regulation and large price increases vs. software, electronics, toys, cars and clothing with both relatively less government funding/regulation and falling prices.
https://www.aei.org/carpe-diem/chart-of-the-day-or-century-5/ https://www.aei.org/carpe-diem/chart-of-the-day-or-century-5...