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Non-Tech : Farming
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To: Elroy Jetson who wrote (551)3/16/2008 12:32:02 PM
From: richardred  Read Replies (1) of 4448
 
>For those who require assistance, a good definition of a bubble is "trade in high volumes at prices that are considerably at variance from its cost or economic value."

I guess I need some assistance then.

Would higher education and medical costs be a bubble?

It would seem that both have exceed their costs by a wide margin. Am I wrong to assume medical costs and educational costs have far outpaced inflation with regard to the consumer price index?

IMO- Many variables are involved because it's hard to put a value on a college education or medical care. A few variables come to mind. Such as competition, specialization of services. Other considerations, medical research, and higher education can also be subsidized.

EDIT:
Sorry to all: I will try not get to get sidetracked or off topic into a deep debate on this thread. I believe this thread is intended to be towards Farming related topics. I will continue to stay on topic. I will take it to an appropriate thread of your choice. If you want further debate on what I have bought to the table.
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