If I was an economics grad student, here is a study I would love to do. Identify products or industries for which third-party payers, and particularly the government, contribute a substantial amount of the purchase volume, either from outright payments or loan guarantees. Here are three biggies I can think of:
- Health care
Then look at the differing inflation rates over the last 20 years for these vs. a basket of other goods purchased the traditional way (ie with your own damn money). I think you can see just from visual inspection where the answer is going to go.