3 ms·
Idk I resent this article if only because the tone is so demeaning and rude. > This is because US Healthcare costs have grown at a ridiculous rate. US Healthca
by lurking15 3y ago
Idk I resent this article if only because the tone is so demeaning and rude.
> This is because US Healthcare costs have grown at a ridiculous rate. US Healthcare is paid through insurance. That insurance is tied to employment income because of an idiotic tax deduction.
I'm sure he hates "goldbugs" and by extension libertarians, but libertarians are really the only ones I've seen pointing to health insurance in the US as rooted in a weird historical consequence of WWII federal govt centralization and the subsequent enforcement of price controls on wages. Of course this "path dependence" explains why healthcare is so different from the rest of the world and directly implicates the US government instead of "greedy capitalism". Since there's this tax exemption and third party arrangement for healthcare expenses, healthcare insurance is anything but a "free market."
As I continue reading it's obvious this dude is married to a certain sarcastically negative viewpoint, funny enough at times getting so close to striking at the heart of economic dysfunction and the debasement of living standards that happens to every empire:
> It’s entirely possible that over 5 decades, the interest rate going down has increased housing prices in areas with a housing shortage.
You think? Interest rates and money are inextricably tied. And not only did "the interest rate go down" it was held to zero for almost a decade.
The result is that anything actually worth having in life has been inflated away and now is a major struggle for the middle class: housing, healthcare, education, food, energy...