View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (243951)	2/4/2014 10:52:05 AM
From: neolib	Read Replies (1) of 541326

The problem is those 3R's are all about risk averaging, and have nothing to do with the system wide average spiraling upward. The author doesn't seem to understand the difference. TWT what happens, but in general when significant change like the ACA happens, its difficult to predict both the transient effects, and the longer term shift in steady state. In that respect it is no different than what happened in the housing bubble, where "financial innovation" did radically change housing dynamics, and while at first everyone thought it was great, a few years later it proved to have a few major issues. The same could be true for the FED's monetary policies as well. Its very difficult to really understand the longer term consequences of major changes that haven't been tried before, or if the conditions are different. The cost spiral I see for the ACA is that with mandated coverage (and assuming most accept that rather than paying the fine) one might as well get one's money back and consume as much health care as possible. Its the general problem with insurance and hence indirection as a payment process.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next