We are in an era of spiraling costs for core social goods — health care, housing, education, child care — which has made proposals to socialize them enormously compelling for many on the progressive left. Yet, these goods and services exist in markets with artificially constrained supply, implying that subsidies will only create a vicious cycle of increased costs and reduced access. What can we do about this state of affairs?
In this webinar, Samuel Hammond, Daniel Takash, and Steve Teles discuss their recent paper, “Cost Disease Socialism: How Subsidizing Costs While Restricting Supply Drives America’s Fiscal Imbalance. ” They focus on regulatory policy’s role in increasing the costs of essential goods and services.
Kodiak Hill-Davis, Moderator, Vice President of Government Affairs
Samuel Hammond, Director of Poverty & Welfare Policy
Daniel Takash, Regulatory Policy Fellow
Steven Teles, Senior Fellow, Political Science
Image by smshoot from iStockPhoto.