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Operation Warp Speed and the Triumph of Governance | Alex Tabarrok & Richard Hanania

CSPI Podcast

CHAPTER

The Bombal Theory Explains the Rising Cost of Education and Health Care

The bombal theory is that the more productive we get at making manufactured goods, the higher the price of services. And so it's very easy to explain why you might buy more because with a rising price, because you're also getting richer. These are two sides of the same coin, really the same, it's really just one relative price.

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