Of course, Spud gets this wrong

In this case, Bush fails to explain what economists call Baumol’s cost disease. This explains why services such as healthcare, education, social care and the arts tend to become more expensive over time, even when their productivity does not improve. The reason should be obvious, but like many things that should be, it is hiding… Read More » Of course, Spud gets this wrong The post Of course, Spud…