Why health care will keep us ill

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The flaw in the annointment is that our out of paradigm legislators and administration have apparently agreed that whatever healthcare they pass will be a ‘tax now, spend later’ arrangement.

This will only serve to reduce aggregate for the time leading up to the additional spending, which looks to be, perhaps, three years.

While it may not be enough to throw us back to negative growth, it will work against any transition back towards full employment we might have had otherwise.


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