How It Is

Sometimes Economists fail to make quick assessments of current events, but the California fires and the Georgia drought will bring a major shift in Population centers within the Country; this being a prolonged rather than immediate impact. One cannot be certain of any popular reaction, though it would seem at least 14% of the Displaced Homeowners will resettle elsewhere, and the movement will be towards more environmental-friendly locales. Another hurricane or two, and We may not have a Home Sale crisis. New Orleans may even finally be rebuilt!

Tyler Cowen, and Arnold Kling from which I got the Pointer, fail to observe one aspect of the rapid rise in College tuition, and one which I feel is the relevant issue: this being the saturation levels for college graduate level employment. Colleges, even Harvard, understand the structural equation which states that larger Graduating classes generate higher levels of Unemployment among Graduates; restriction of Class size propels a Prestige of real economic value–much higher Average Income levels for Graduates. Here resides the real incentive propelling Tuition increases, heightened Consumer desire coupled with limited Class size. Institutions of Higher Learning, even Those which are principally Publicly funded, have learned that high-Cost Tuition rates provide a restriction to qualified Students far more effectively than even Grade assignments; under economic constraints of education for higher average Income.

Arnold’s idea of utilizing the same construct on health care will fail, as some level of health care must be available to All, and accreditation rules could only apply to the front-end, cheapest level of medical provision. The idea which must be brought across to Americans remains that only Primary Care can be publicly subsidized. Extreme Expense health care must be Privately-funded, or not provided. Americans must grasp that We can provide each other with basic health care, and grant a comfortable death; what We cannot provide is health care levels per Patient equal in Cost to the average Life earnings of an American, for each and every American. We cannot afford for Anyone, actually, except Those foolish enough to expend their own funds. There are Those who keep a 60-year-old Car in prime working condition, and there will be Those who want to keep an 80-year-old human body in perfect working order; but this is not a goal to be underwritten by Government. lgl