Thursday, March 25, 2010

More wisdom from individuals financially incentivized to speak truth.

What do you think the passing of the health care bill will mean for the economy?
...
In fact, if you look at the two areas of our economy where the government has very large and growing exposure, it’s residential real estate and health care. And both at the end of the day are fairly nonproductive, long term, for our economy. Putting more and more money into housing and keeping us healthy in our golden years doesn’t necessarily make us a more productive society. We should be devoting more of that money to technology and education.
-Jim Chanos

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