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It's an interesting dynamic. Because of rising cost, consumption of the services gets subsidized in ways that distort the market. In addition lots of regulation
by ajmurmann 4y ago
It's an interesting dynamic. Because of rising cost, consumption of the services gets subsidized in ways that distort the market. In addition lots of regulations and controls are put in place which further drive up cost. Interesting paper on this: https://www.niskanencenter.org/cost-disease-socialism-how-subsidizing-costs-while-restricting-supply-drives-americas-fiscal-imbalance/ https://www.niskanencenter.org/cost-disease-socialism-how-su...