Who’s Responsibility is it to Provision?

by Karl Denninger

Healthcare is one dollar in five in our economy.

Every dollar of that spend is parasitic. It produces nothing. It is all in support of others producing something; after all, if you’re not healthy you can’t produce to a maximum capacity, and in many cases you can’t produce at all.

Nonetheless it is parasitic — and thus absolutely relies on a strong economy to exist, especially when it’s one dollar in five.

Now it shouldn’t be one dollar in five. It should be 3-4% of GDP. But it is almost 20% of GDP.

So here we have this behemoth that has no supplies stocked back for a potential epidemic on our shores.

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