A Democrat Who Is Thinking Differently
An interesting article about a potential future Democratic leader with some good ideas. Auchincloss is a Representative from Massachusetts. Here’s the Wikipedia entry about him. We need more people who are willing to think outside the box.
https://en.wikipedia.org/wiki/Jake_Auchincloss
“Cost disease is the most important economic concept that policymakers are unaware of. Sectors like housing and health care are afflicted by Baumol’s cost disease, which says that because they are very labor-intensive and low productivity, they are going to inflate faster than gross domestic product.
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Imagine if you were going to build your car. And instead of buying a car at a dealership, you stood in your driveway, called up a general contractor and had them subcontract out the various parts of the car. And people came to your driveway and built the car piece by piece. Imagine how much that car would cost. A lot more than the typical car, right?
Well, that’s how we build houses. And it doesn’t actually have to be that way. And in fact, it is tied to the abundance agenda that I know that you and Derek Thompson and others have been pushing to the front of the policy conversation.
The abundance agenda makes the case that if you’re trying to lower the cost of living for the typical American family, you need to unlock supply rather than subsidize demand. You need to build more stuff.”
https://www.nytimes.com/2025/02/18/opinion/ezra-klein-podcast-jake-auchincloss.html?unlocked_article_code=1.x04.QeIT.dOjRMzAxKDnh&smid=url-share
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