Economy

Considerations of subsidy, cost and tax dominate public debate around U.S. social spending. People like Bernie Sanders and AOC want the government to pay more of the excessive costs of life in the United States, which are far higher than our peers. But that doesn’t address why these things are so expensive in the first place — and why they will get even more expensive if the government starts to subsidize them. Building on my longstanding interest in market structure and public policy, in today’s video — sure to be controversial! — I explain why the most progressive approach to solving America’s problems is in some ways the most conservative one.