Anchorage Daily Planet
By Walter E. Williams
It's difficult to be a good economist and simultaneously be perceived as
compassionate. To be a good economist, one has to deal with reality. To appear
compassionate, often one has to avoid unpleasant questions, use "caring"
terminology and view reality as optional. Affordable housing and health care
costs are terms with considerable emotional appeal that politicians exploit but
have absolutely no useful meaning or analytical worth. For example, can anyone
tell me in actual dollars and cents the price of an affordable car, house or
myomectomy? It's probably more pleasant to pretend that there is universal
agreement about what is or is not affordable.
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