Re: Samuelson: "It's More Than Social Security"

royls_at_telus.net
Date: 01/16/05 

Date: Sun, 16 Jan 2005 19:57:12 GMT

On Sat, 15 Jan 2005 23:08:29 -0800, "Rob Duncan"
<robduncan@gbronline.com> wrote:

>Taking inflation into account, medical costs have ALWAYS gone down.

That is of course flat false. Medical care accounts for a far higher
fraction of _GDP_ now than it did 50 years ago, and GDP has increased
far more than inflation. The three main costs that have tended to
significantly outstrip inflation are land, medical care and education.

-- Roy L

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