America’s Economic Malady: A Bad Case of ‘Baumol’s Disease’ | Fox Lake Towing and Recovery

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America’s Economic Malady: A Bad Case of ‘Baumol’s Disease’

by Charles Hugh Smith on Dec.11, 2010, under Towing

Baumol's cost disease

No, it’s not a new plague. Rather, it’s a little-known economics thesis that explains why uneven productivity gains in different sectors can have a huge impact on everything from consumer spending to government deficits. The latter is the nastiest side effect.

Continue reading America’s Economic Malady: A Bad Case of ‘Baumol’s Disease’

America’s Economic Malady: A Bad Case of ‘Baumol’s Disease’ originally appeared on DailyFinance on Sat, 11 Dec 2010 08:00:00.

Filed Under: Columns, Economy, Health Care, Taxes

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