More proof of government inefficiency

[stevenash]

Spent a few days with some economic gurus and here is some info  that I thought was very revealing.

 

If we go back to 1967, here is what has happened to some prices

  1.  Average hourly earnings are up 500%

  2.  The price of a first class postage stamp is up 900%

  3.  The average monthly disability payment is up 1160%

In 1991, the cost of one gigabyte of memory was $40,000.  Today, you can get 64 gigs in a phone for $99 and a phone contract. This was  accomplished totally without government intervention or supervision.  Think about it- $ 2.5 million for 64 gig in 91 vs $99 today.  

All of the above is classic proof that when the government gets involved, quality declines and prices go up.  When the free market is operating as freely as one can reasonably expect, the quality goes up and the price goes down.  Why is it, that so many believe that the government is such a good efficient problem solver?

DISCLAIMER:  None of this information is original- came from a talk of a nationally known economist.