"Affordability": Two Theories Of How To Achieve It
/“Affordability.” That’s the new political mantra of Democratic politicians. Or maybe it’s one of two mantras, the other being that deporting illegal aliens makes ICE the modern-day “Gestapo.”
So, how to achieve “affordability”? There are two approaches, which are essentially opposites of each other. Can they both be right?
Approach Number 1 is that the government orders producers not to increase prices, and sometimes also offers handouts of one sort or another to favored constituencies to reduce their effective costs. Approach Number 2 is that the government mostly keeps out of the relationship between producers and consumers, and thereby makes the producers reduce their costs if they want to attract customers.
My observation would be that there exists an enormous amount of evidence on this subject, all of which supports that proposition that Approach Number 2 works, while Approach Number 1 is counter-productive. But maybe that’s just me.
So there was Mikie Sherrill last week in Newark, getting inaugurated as the new (Democratic) Governor of New Jersey.


