I think either Elon Musk or Peter Thiel was talking about a similar effect, where the cost of things in regulated industries continues to increase as non-regulated industries increase in productivity, such that regulated industries eat a larger portion of spending over time. Could be wrong and it might have been some other person that said this...
It was Marc Andreessen. He has pointed out that cost of a 100 inch high definition television is on the way to $100 while a four year college degree is eventually going to hit $1,000,000
