To: RockyMtnMan
The industries that are price stable are those that are largely subsidized by Government programs such as the medical industry, pharmaceuticals, and at least in the past, aviation. If Government didn't require auto insurance wouldn't there be a price war too, like in NH where auto insurance isn't mandatory yet? I was thinking the other day, how many more years will it be when the average public school teacher is the highest paid professional class with a masters or BEd degree. I say, considering the layoffs in the private sector, quite soon.
Not too coherent, but just some thoughts for the mill of discussion.
To: Final Authority
What's interesting about those industries is they tend to be the most regulated and targets of trial lawyers. We created that mess internally and then turn around and subsidize the mess. We can thank our politicians for that boondoggle.
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