When Government Says ‘No’ to Rising Costs
This article is for subscribers only.
Aug. 22 (Bloomberg) -- Health care and education pose thesame basic threat to the economy: How do you keep costs down fora product that consumers must purchase?
Saying “no,” after all, is how consumers typicallyrestrain costs. If Best Buy Co. wants to charge you too much fora television, you can walk out. You might want a television, butyou don’t actually need one. That gives you the upper hand. Whenpush comes to shove, producers need to meet the demands ofconsumers.