This is an oldie but a goodie. It needs reiterating occasionally.

The parts of society that get the most government subsidy, in constant dollars, have experienced the most inflation in constant dollars.

(I need to put research a constant-dollar line for Lasik, optometry and dental work…

1 thought on “Affordable

  1. Niall Ferguson (the economic historian) has shown that in the US, for twenty years inflation has hit only those parts of the economy that cannot be outsourced, especially housing, medical care, and education.

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