We were invited to a presentation this morning by the Rhode Island Governor, Lincoln Chafee, and the State’s Economic Development Corporation. In the Governor’s opening remarks he emphasized wanting to take advantage of “where the economic growth action is….Ed Med”. For us non-economic opportunist, Ed Med is education and medical industry – primarily academic medical research developments.
From my perspective…and accepting the importance of medical and educational advancements…I know of no other industrial economies that are more troubled and inflated than medical costs and educational costs. I would be willing to bet (and I don’t gamble) that the moment RI commits to huge infrastructure and development investments in Ed/Med…the whole system goes into cardiac arrest.
An article on college costs.