Historically, the U.S. margin of advantage in earnings per worker has been so large that it has allowed us to finance higher amounts of per capita spending on health care than our peers even while retaining an advantage over them in terms of the amount of residual non-health spending per capita we have left to spend on everything else.

FORBES: Will Obamacare Stimulate Entrepreneurs?

Already, he points out, banks have had to write down a fair amount of lending on cars because banks were too optimistic about the residual value of the cars that backed the loans.

ECONOMIST: The bigger they are