Friday, April 5, 2019

Prices up/down

Economics professor Mark Perry writes a popular blog (Carpe Diem) where he frequently posts charts and graphs he authors using economic data. His most popular, which Bloomberg calls the "Chart of the Century," has been referenced and tweeted many times:


Someone commented on Twitter: 


Hospital services, college tuition, housing . . governments are very involved, prices go up.

TV's, toys, cars, software, cell phone service, furnishings, clothing . . free global markets, governments less involved, prices stay the same or go down.

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