William Watson We need a memorandum of understanding on cost vs. affordability

Image for article William Watson We need a memorandum of understanding on cost vs. affordability
News Source : Financial Post

News Summary

  • Picking up the tab for a good or service doesn't actually lower its cost.
  • Shifting who pays for things is how most governments are supposedly “addressing” the problem of “affordability” Daycare, dental care and housing are getting too expensive?
  • No worries: we’ll buy them for you.
  • They will now be very ‘affordable,’ assuming the wait times don’t get too long.
  • But who pays has changed so the political problem of affordability has been “solved”
A few thoughts on maybe the most basic Econ 101 concept of all cost and how it relates to the new PoliSci 101 concept of affordability.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now t [+5139 chars]

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