<p>Video 26 Public Goods and Responsibilities: How Far Should We Go? McCaffery F.04 ©</p><p>Why can’t we rely on private industry?</p><p>Private Utilities v. TVA 800,000 were homeless due to Tennessee River flooding in 1927. Private industry didn’t provide dams for flood protection. Private industry didn’t provide dams on Mississippi, Tennessee, or Ohio Rivers, so it was left to the government.</p><p>Problem was these dams, in addition to providing flood relief, provided ______.</p><p>Private industry blocked flood protection until 1933. 57 ______continued to block implementation until ______. </p><p>Richard Gill: What is the definition of a PUBLIC GOOD???</p><p>Health Care Issues Starting in the 1940’s medical technology costs were increasing. Costs started to exceed low income families’ ability to purchase. Harry Truman called for ______which was opposed by the AMA. Henry Aaron (what really, Henry Aaron!) Developed countries have decided what should happen to people when they get sick.</p><p>What happened in the years 1951 thru 1960?</p><p>Finally JFK was won over to the side of providing health care for ______.</p><p>Medicaid differs from Medicare. How?</p><p>Richard Gill: A market does distribute ______in a way many consider unfair. (How about the clothes and hair styles?)</p><p>It is not a question of whether , it is a question of ______.</p><p>Proposition 13 Inflation and a shortage of housing caused housing prices to rise. The inflation of the 1970’s lead to property taxes being more than some people’s ______payments</p><p>The winners from Prop 13 were 1/3rd ______and</p><p>2/3rds ______.</p><p>Richard Gill: More public goods means fewer ______.</p><p>Economic question: Costs and ______.</p>