NC State economist and professor Mike Walden on the affordability crisis that’s plaguing the economy
NC State University economist Mike Walden (Photo: NC State University)
The rising cost of housing continues to be a huge problem for millions of Americans. But, of course, as just about any average person can also confirm, lack of affordability is not just a problem confined to housing – it’s spreading across the U.S. economy in dozens of areas. So, what’s going on here? During the COVID pandemic, we knew precisely what was going on – a huge drop in supply that was giving rise to rapid inflation, and that problem was rapidly and successfully addressed during the Biden presidency.
So why are…
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