By Invitation | It’s the Baumol effect, stupid

A congressman on how Democrats can regain the initiative on the economy

From housing to health care, the answer is to treat “cost disease”, says Jake Auchincloss

Portrait of Jack Auchincloss
Illustration: Dan Williams
|5 min read

American voters do not trust Democrats on the economy. We cannot build a governing majority until we earn back that trust. Donald Trump’s chaos and corruption provide an opening. Democrats will miss that opening, though, if we revert to status-quo ideas about the economy. Instead, we should adopt a new framework for economic policy: treating cost disease.

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