It's not just housing
By Scott Sumner
Here’s a tweet by Matt Yglesias:
Is it really that “strange”? Yes, there’s far too much government planning in the housing sector.
But housing is a laissez-faire paradise compared to America’s second largest sector—health care.
And health care is a laissez-faire paradise compared to America’s third largest sector—education.
And then there’s agriculture. Law. Transportation. I could go on and on.
To be clear, America is a more free market economy than most other countries. But how often to you see pundits claim that, “Actually, country X is not a free market economy”, and then cite some intervention that is fairly minor compared to the widespread interventions in America’s second and third largest sectors?