I&I - How affordable is affordability?

This week is our May edition of Incentives & Instincts, a recurring series in which Justin speaks with economist and friend Bryce Ward about some of the broader challenges facing our society. And affordability is the name of the conversation this time around. It's a word and a concept we've heard a lot about in recent election cycles. Candidates from Trump to Mamdani ran on affordability as the central planks of their campaigns. And now, here we are with gas at $5 a gallon and housing prices out of reach for many. In this episode, Bryce and Justin define what affordability means as an actual policy concept. They talk about how that concept can change depending on one's income level, what the government can do about affordability and the duo gives some advice listeners can take to shape a more practical approach to defining affordability for themselves.