Thursday, September 24, 2009

Waste, Fraud and Abuse - the unavailable font. Also "cost" vs "price", who knows the difference?

http://tinyurl.com/yaowybh
Everyone promises to eliminate WF&A and to pay for all kinds of things with the savings. Why not do the eliminating first and come back for the new spending afterwards? Are we to believe that Obama will NOT eliminate WF&A if Obamacare isn't passed?
http://tinyurl.com/yz6g8kr
Price is discretionary; cost is more fundamental and difficult to change. Changing the former does nothing to change the latter. Changing costs means you have more control over pricing. Changing prices without changing associated costs inevitably entails undesirable consequences that the witless will ignore (and might even deny to be causally related after the fact.)Occasionally, lowering prices will so expand the market as to produce economies of scale that will, as a consequence, lower the costs but this is not guaranteed in general.

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