3 ms·
Thank you for linking what I was too lazy to link. To add, politics usually responds to Baumol by subsidizing demand and/or more regulation. Needles to say bot
by ajmurmann 4mo ago
Thank you for linking what I was too lazy to link.
To add, politics usually responds to Baumol by subsidizing demand and/or more regulation. Needles to say both make it worse. Article: 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...