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Second-order effects of inelastic demand
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Second-order effects of inelastic demand

Daily Data: When people consume unreasonably, other people get fired

Moses Sternstein's avatar
Moses Sternstein
Jun 28, 2024
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Second-order effects of inelastic demand
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In today’s dispatch:

  • even small price increases in a hospital system, lead to local job losses

  • the cross-subsidies are too damn high

  • consolidation is a symptom, not a cause, and more consolidation will surely not make it better

  • legally required magical thinking is no way to do business

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