Affordable housing and health care costs are terms with considerable emotional appeal that politicians exploit but have absolutely no useful meaning or analytical worth. For example, can anyone tell me in actual dollars and cents the price of an affordable car, house or myomectomy? It's probably more pleasant to pretend that there is universal agreement about what is or is...
You miss the point of all of the government's interventions into the economy. Local, state and federal governments intervene in the economy to insure that the people who now have the political power and the economic advantage don't lose those powers and advantages. Plain and simple. That's why the fight at election time is always so savage: everything is up for 'grabs' by whoever controls government at its various levels. No? Examine the GOP's presidental nomination race and what was the dominant theme? Electability, not competence, not conservatism, not desire to fix what is broken. Rather, "Can our guy beat the other guy?". Look and listen to how shrill and irrational most - if not all - political stuff is.
It's difficult to be a good economist and simultaneously be perceived as compassionate. To be a good economist, one has to deal with reality. To appear compassionate, often one has to avoid unpleasant questions, use "caring" terminology and view reality as optional.
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