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Nobel Prize: I wonder how often a Nobel Prize is awarded to an adjunct professor who struggled to remain employed by an institution that later took full advantage of it?
Pet insurance: Insurance is raising the prices of veterinary services the same way it increased prices for medical care. Last year we had a new vet tell us our dog needed her teeth cleaned. When we asked for a quote they emailed an 8×11 full page of itemized services that added up to around $700. We went elsewhere for blood work and that vet didn’t do dental work. She said our dog’s teeth seemed pretty good to her. We went to yet another vet and he explained that the gums were not red and inflamed as they would be if a cleaning was urgent. He said it could wait until later and his only advice that might sway our decision to have it done earlier was that our dog’s age was approaching the cutoff age when it becomes more serious to give her general anesthesia. I also get the feeling the dysfunctional health care system is rubbing off on veterinary care.
Regarding the Mulligan article on the costs of regulation:
It appears to me that at least 20% of Mulligan’s regulatory costs involve higher fuel economy standards for cars.
The higher standards do make new cars cost more. However, there might be an economic benefit in terms of lower pollution and fewer gas purchases.
I am not an expert here, but the issue is more nuanced than Mulligan presents.