by Karl Denninger
Market-Ticker.org
An interesting data point: A stunning percentage of those young people without children now never intend to have them. In fact one relatively recent survey found the number was as high as one third.
The most-common reason cited? Its too expensive.
Now you can try to point to this as some sort of selfishness but that’s a dodge on the real issue: You, that is us older people, made it too expensive.
Specifically homes and medical care are two places where all the “older people” cheer; we get the “best” but the next can’t buy it at all. Our federal government tries to interfere in both markets and allows blatantly illegal activity when it comes to medical care, specifically as relates to price fixing, which has been a felony for over 100 years. Nobody cares and nobody will prosecute. Since all criminal offenses in the United States are “the people .v. whoever” — that is, there’s no right of private prosecution as there is with a lawsuit, it never ends since nobody goes to jail and in fact there is a formal government policy not to indict large corporations for felony criminal acts (which could debar them permanently from government and some private activity) after Arthur Anderson.