badgenome on 27 February 2013
| richardhutnik said: Thing is, unless there can come some efficiency breakthroughs, the costs end up rising higher than other things, partly due to the reality that you can't reduce the amount of labor demanded. That is a kicker part to it. I suggest others do more research into it. I haven't found anyone who speaks out and says it is flat out false. Side discussions here, and why it is important and I bring it up, is that the end result is that government sector and welfare will grow, in order to get people to be able to afford needed services. It is called a disease because of the effect being like that and needing to be cured. |
But again, the cost only seems to be growing so out of control in areas where the government is tampering with or outright destroying the price system. If welfare is to be done by the government, Hayek makes a very good case that it ought to be done through cash transfers and not with the government providing or subsidizing those services.
