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Author Topic: Private enterprise bankrupting America?  (Read 10669 times)
Rassah
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March 26, 2012, 01:44:23 PM
 #161

Anyone remember what flying was like back before 1980's, when prices were fixed?

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Hawker
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March 26, 2012, 03:15:18 PM
 #162

Anyone remember what flying was like back before 1980's, when prices were fixed?

I hit my thumb with a hammer once.  It really hurt.  Does that mean people should not use hammers ?

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March 26, 2012, 05:40:02 PM
 #163

Anyone remember what flying was like back before 1980's, when prices were fixed?

I hit my thumb with a hammer once.  It really hurt.  Does that mean people should not use hammers ?

Not to hit thumbs, no.

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March 26, 2012, 06:56:40 PM
 #164

Anyone remember what flying was like back before 1980's, when prices were fixed?

I hit my thumb with a hammer once.  It really hurt.  Does that mean people should not use hammers ?

Not to hit thumbs, no.

lol so then don't use price control to raise the prices.

Vitalik Buterin
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March 31, 2012, 10:19:31 PM
 #165

Consider also:

http://www.mckinsey.com/Insights/MGI/Research/Americas/Accounting_for_the_cost_of_US_health_care

The US's health care costs exceed income-adjusted OECD averages the most in:

1. Outpatient care (by 436 bil, or 51%), which includes many discretionary services. It's been shown http://www.overcomingbias.com/2007/05/rand_health_ins.html that medical spending actually has zero marginal value, so much of this is likely just plain unnecessary.
2. Drugs and nondurables (by 98 bil, or 39%), which is largely the work of the patent system. Notice how relatively small this category is (145/2053 billion total spending).
3. Health administration and insurance (by 91 bil, or 63%), which is partially the work of the excessive spending on advertising but is also connected to the issue of litigiousness.

http://mdsalaries.blogspot.ca

The US has the highest medical salaries (http://mdsalaries.blogspot.ca/) for general practitioners and nurses and the third highest for specialists - for this some blame licensing (cheap doctors from Vietnam can't just import themselves here) and many cite the issue of the US's higher educational system (medical school costs a lot of money that students don't have).

Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.
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April 02, 2012, 02:22:31 PM
 #166

but is also connected to the issue of litigiousness.

Not to any sort of relevant degree, as Texas has shown us.

                               
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