‘Affordable’ Housing Won’t Come From D.C.

In the 26th chapter of Ludwig von Mises’s magnum opus, “Human Action,” one finds a discussion of a builder vexed by the absence of prices and therefore unable to objectively determine the optimal mix of methods and materials to construct a house. Mises writes: “The paradox of ‘planning’ is that it cannot plan because of the absence of economic calculation. What […]