A useful test — which shows this isn't true — is to compare similar goods/services that have dissimilar amounts of regulation.
For example — healthcare is heavily regulated, but veterinary care is lightly regulated. Both have experienced similar amounts of inflation over the past decade.
Or, to give an example from the article — houses that are eligible for government guarantees (those below $750K-$1M) have appreciated similar amounts in the past decade to those that's aren't eligible.
For example — healthcare is heavily regulated, but veterinary care is lightly regulated. Both have experienced similar amounts of inflation over the past decade.
Or, to give an example from the article — houses that are eligible for government guarantees (those below $750K-$1M) have appreciated similar amounts in the past decade to those that's aren't eligible.