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RE: Re: [Pen-l] overconsuming health
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: RE: Re: [Pen-l] overconsuming health
- From: "David B. Shemano" <dshemano@xxxxxxxxxx>
- Date: Tue, 6 Oct 2009 18:00:26 -0700
- Domainkey-signature: a=rsa-sha1; c=simple; s=123; d=pwkllp.com; q=dns; h=received:subject:to:from:reply-to:date:content-type:x-mailer; b=JkZu1CdnW2JL/jTWZG/eKp9hEdSJ+i0MJMJoYBCsZaVIuNZ/wclKZn5N2nn3dhLn+KnacnL0f7cHlVHJr9lCHw==;
Joanna writes:
>> Elizabeth Warren did a fabulous lecture about this where she showed that
>> the overconsumption lay in three areas: health, education, and housing.
>> Period. She looked at everything else and found flat or declining
>> consumption.
Health, education and housing. What do they have in common? Oh yeah -- the three areas of the economy most favored by the tax code and government subsidy. Looks like people are rationally responding to the incentives and rules presented.
David Shemano
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