tag:blogger.com,1999:blog-3758330678390419129.post7151757327180474153..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Mankiw's Total Confusion about Technology and HealthcareRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-13060829050965852412011-06-20T13:21:24.816-04:002011-06-20T13:21:24.816-04:00I disagree with Wenzel on this particular comment ...I disagree with Wenzel on this particular comment made by Mankiw.<br /><br />I think Mankiw was referring to procedures that didn't exist a few years ago IE knee replacement...not to general technological advancements. If knee replacements didn't exist a few years back, zero money was spent on them; people just limped around in pain and decreased mobility. Now, they're common and Sean O'Donnellnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72327891088547422782011-06-19T23:04:09.467-04:002011-06-19T23:04:09.467-04:00Anon@6:14
I had LASIK(PKR) 10 years ago too.
Bes...Anon@6:14<br /><br />I had LASIK(PKR) 10 years ago too.<br /><br />Best money ever spent- I went from nearly blind to perfect vision. Today, the same surgery is less than 1/2 the cost, and the results are amazing. <br /><br />Wonder why it was so cheap!?!? Could the free market really work?Richard Dale Fitzgeraldhttps://www.blogger.com/profile/05223505358122633852noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-50946488703177272352011-06-19T20:32:48.628-04:002011-06-19T20:32:48.628-04:00"Mankiw is misdirecting the discussion here. ..."Mankiw is misdirecting the discussion here. There should be no discussion about percent of national income." <br />Mankiw knows exactly what he is doing: Setting up the foundation for government takeover of healthcare.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45401821883373733772011-06-19T18:54:49.718-04:002011-06-19T18:54:49.718-04:00In addition, why are primary care costs rising as ...In addition, why are primary care costs rising as well if Mankiw is right? primary care hasn't changed significantly since who knows when.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78352107279451930242011-06-19T18:14:15.547-04:002011-06-19T18:14:15.547-04:00Just look at eye surgeries -- well not all eye sur...Just look at eye surgeries -- well not all eye surgeries, just LAZIK. A complex, computer controlled, high tech surgery that is mostly purchased outside the insurance/government healthcare industry and performed on an outpatient basis (very much like one of Henry Ford's production lines).<br /><br />Those prices have fallen, and the quality increases every year. Having had one of those Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91841992202097644622011-06-19T13:40:33.239-04:002011-06-19T13:40:33.239-04:00By Mankiw's logic the printing press should ha...By Mankiw's logic the printing press should have made it more difficult and more expensive to print books and therefore only the elites and royals should have retained the ability to print books.<br /><br />This is, of course, the opposite of what happened, the printing press made books cheaper and easier to the point any political activist with a steady income could publish their beliefs. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32261530514756883012011-06-19T13:01:46.834-04:002011-06-19T13:01:46.834-04:00Just imagine the technology that could be dreamed ...Just imagine the technology that could be dreamed up at this very moment but would not be made because it would cost too much to use. The cutoff has nothing to do with how much a machine costs, but how much the market will bear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30528864793223661532011-06-19T12:10:55.226-04:002011-06-19T12:10:55.226-04:00Great catch, Bob. My jaw hit the floor too.
This ...Great catch, Bob. My jaw hit the floor too.<br /><br />This is not an economist. This is a state propagandist. That's all I can say.<br /><br />Because he's telling us - hey, as incomes rise and technology develops, don't you peasants get any ideas that you might be saving more. Nope. Your expenses are going up too...<br /><br />He's prepping our minds for inflation.<br />In otherLila Rajivahttp://www.mindbodypolitic.comnoreply@blogger.com