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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TimbaBear who wrote (56297)3/20/2006 5:47:15 PM
From: UncleBigs  Respond to of 110194
 
When you need a $100,000 heart bypass because of all the butter you packed into your arteries over the years, is that a cost of the butter or your own stupidity?

The bigger question is why do I as a taxpayer and a buyer of health insurance have to pay for your $100k heart bypass because you chose to live a lifestyle that was harmful to your health?

You should either have to write the check out of your own funds or suffer the consequences.



To: TimbaBear who wrote (56297)3/20/2006 10:25:26 PM
From: regli  Respond to of 110194
 
"...but if rising prices force me to make lifestyle choices that are different than those I started with, that does not mean (to me at least) that there is no inflation. Rather, it implies I'm good at scrambling around and making the best out of a tougher situation. That's two different things altogether."

This is exactly the point. The author of the quote also wanted to specifically attack the issue of substitution. Substitution is typically where survival but not inflation is addressed. If I decide to move from wild salmon to farmed salmon and in the process do harm to my health I may do it for survival reasons but definitely not because farmed salmon has suddenly become more attractive.