Jay Weiser@JayWeiserProf
Many areas with price pressure (housing and higher education) have tight regulation like zoning and licensing. They're also government-guaranteed (mortgages and student loans) so homeowners and universities jack up prices on Uncle Sam's nickel. Need fewer subsidies, deregulation.
Neil Irwin @Neil_IrwinThe Biden team is pushing back against the "a $3.5t reconciliation package is inflationary" narrative by arguing that it would reduce the price pressures average families face, counteracting Baumol's cost disease on child care, elder care, education, etc.
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