||Skin in the Game
President G. W. Bush (R) signed the Medicare Prescription Drug,
Improvement, and Modernization Act created
Medicare Part D. This increased demand
for drugs and their price. The law also banned prescription
drugs from Canada and the Use of government purchasing power when
federal awarding drug contracts. These limited supply also pushed up
||Higher prices increased insurance premiums and
exacerbating the recent increases in deductibles and copayments.
Also many uninsured did without prescription drugs.
||Drug companies had lots of skin in the game and used
politics to made sure their profits went up.
||Increasing the demand for homes
caused higher prices and profits and eventually a housing bubble
which ended with the
|Decreasing demand lowers price
|Decreased demand for U.S. produced goods followed
NAFTA. It allowed cheap Mexican and Canadian manufacturing and
agricultural goods to enter and replace US domestically produced goods. Foreign
demand for US goods increase a little but intellectually
property which generate large profits but little employment got
most of the new increased demand.
||US balance of payments increased and demand for U.S.
workers decreased causing a drop in wages.
||Workers have skin in the game but
guns and God and contempt for government hinder a united effort to
increase wages. Intellectual Property owners use politics to enhance
their profits creating
||Helping workers relocate and training misses
too many displaced workers. Increasing the safety need lacks
political support. "Let them Eat Cake."
|Decreasing supply increase price.
||Oil embargos of the 1970's pushed up price and oil's
inelastic demand led to only small decrease in quaintly sold.
Profits skyrocketed as did energy prices causing the
World to Changed and Good Jobs to Disappeared
||The world's supply of loanable funds
increased. They were quickly loaned to Latin America and Third World
nations. Most eventually defaulted.
||Oil producer's had no skin as their deposits
were guarantied by commercial banks who had limited skin
because they were too big to fail.
||Privatizing SS would have the same effect as the large increase
in investment funds would outstrip the supply of worthy investments.
|Increasing supply lowers price
||Federal support for agriculture
Land Grant Universities increased production lowering price.
Alabama, and other LGU became football powers.
||Inexpensive food has almost become
an obesity causing
||Agriculture has skin (no pun
intended) in the game making
it big business.
|Increasing the supply of college educated
workers using a non merit college system has lowered the
Economic Return of College Degrees.