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balajis.com
The inflation is here, it’s just not evenly distributed. The areas tech touches (televisions, software, phones) have experienced hyperdeflation. The areas subsidized or regulated by the state (healthcare, education) have experienced real price increases.
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balajis.com 9 Oct 19
Replying to @balajis
The above chart appears to be a national aggregate, but it goes without saying that housing prices have also grown faster than real income in many markets. Methodology is here if you want to check their work.
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Larry Cermak 9 Oct 19
Replying to @balajis
It's not as simple to blame the rising cost of healthcare on subsidies and regulation by the state. It's a much more complex topic than that. The cost of healthcare is growing much slower in countries that have much tougher regulations when it comes to healthcare and hospitals
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balajis.com 9 Oct 19
Replying to @lawmaster
A competent state could do better. We have an incompetent state, and a broken web of incentives. Patient + doctor + third party buyer via insurance + 4th party pricing via CPT + 5th party regulation.
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AwyeeBitcoin Jan 12
Replying to @balajis
Mr. SmartyPants scammer boi fails to mention that it’s Moore’s Law that has curbed inflation...
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ck 🟠 Jan 12
I think did an absolutely amazing job explaining this on the pod.
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Luca-Dellanna.com 9 Oct 19
Replying to @balajis
Another way to see the vertical axis is: how little (practical) freedom shoppers have to make a choice between brands/models.
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Luca-Dellanna.com 9 Oct 19
Replying to @DellAnnaLuca
(After considering the emotional and social consequences of settling for a “cheaper and less prestigious” brand.)
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BitDominator 9 Oct 19
Replying to @balajis
Of course education and healthcare is up. It is a free market that is dominated by a small group of people and companies. They have complete control over it. Hand it over to the state and costs will go down significantly.
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Michael 9 Oct 19
Replying to @balajis @AjitPaiFCC
I could, admittedly, be drawing the wrong conclusions due to my political and governing philosophy bias. But it seems that tech, often something outpacing the impact of legislation, is thriving as a healthy, competition rich Free Market should. While bogged down government >
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Michael 9 Oct 19
Replying to @balajis @AjitPaiFCC
>reliant industry suffers in terms of affordability.
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