Wednesday, November 09, 2011

Interesting Point

Ron Paul makes an interesting point about the sectors of the economy where the costs are completely bloated: home prices, college tuition, and healthcare - and what they all have in common - government involvement. Government backs mortgages, enables student loans, and provides Medicare and Medicaid and soon Obama care.

He makes a pretty simple argument right there for unintended consequences. Not sure if the healthcare thing holds up, though, because the costs were skyrocketing prior to government intervention.

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