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This man's advocacy for public health care began after he contracted tuberculosis, and he was one of the first supporters of national health insurance, attributing Germany's industrial rise at the turn of the 20th Century solely to their health coverage. Â The namesake of a price index that is the geometric mean of Laspeyre's and Paasche's indices, he developed a separation theorem that foreshadowed the Modigliani-Miller Theorem by claiming that firms will always maximize present value. Â He argued that a spending tax on luxury goods would be preferable to an income tax, and his best known equation holds that (*) real interest rates do not vary due to monetary policies by relating the nominal interest rate and the real interest rate through inflation. Â For 10 points, name this longtime Yale economist.
This man's advocacy for public health care began after he contracted tuberculosis, and he was one of the first supporters of national health insurance, attributing Germany's industrial rise at the turn of the 20th Century solely to their health coverage.
Irving Fisher