When looking at healthcare and housing, the critical thing to look at is government restrictions in supply: regulations in healthcare and zoning in housing.
Re-reading my comment, my claim that the price increases are “due to efficiency increases in other fields” was too strongly stated.
I don’t want to claim that cost disease is the only problem with healthcare and housing costs. My main point is that it does not require some bizarre twisty thinking to consider cost disease bad (and thus deserving of the name).
When looking at healthcare and housing, the critical thing to look at is government restrictions in supply: regulations in healthcare and zoning in housing.
Re-reading my comment, my claim that the price increases are “due to efficiency increases in other fields” was too strongly stated.
I don’t want to claim that cost disease is the only problem with healthcare and housing costs. My main point is that it does not require some bizarre twisty thinking to consider cost disease bad (and thus deserving of the name).