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In reality, government intervention drives up costs. Economist Mark Perry makes this point visually. Perry’s work shows that industries with the most government involvement—healthcare, higher education, housing, and childcare—have become far more expensive over the past 25 years. Meanwhile, goods with a more open market and consumer choice—televisions, toys, clothing, household furnishings, and cell phones—have become more affordable.
Consider childcare. In Pennsylvania, the average annual cost of center-based care reached $14,910—driven largely by government overregulation. Pennsylvania ranks 48th in childcare freedom due to the commonwealth’s excessive credential requirements, restrictive child-to-staff ratios, and extreme group-size limits. These rules make it harder to hire workers, open classrooms, and create new slots—shrinking availability and driving up costs.
Read the full article at PennLive.com.
The Patriot-News
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