03/02/2026 lewrockwell.com  7min 🇬🇧 #303668

Housing's and Social Security's Necessary Solution: Slash Unjust Government

Severely limiting governments is essential to make our work pay for what we want.

By  James Anthony 

February 3, 2026

 Progressives are good at creating unworkable schemes, and they're good at messaging to  help hold these schemes in place.

Conservatives are bad at  repealing Progressives' schemes, and they're bad at explaining the benefits of freedom. These weaknesses of conservatives make complex schemes much harder to  unravel than  they otherwise would be.

Two examples of such problems are under increasing scrutiny lately: housing and Social Security.

The problems: price inflation, lowered purchasing power, economywide waste

Housing would return to 2019 affordability if mortgage interest rates would be driven down to 2.35%, prices would fall 38%, or  incomes would rise 60%.

Housing affordability is an overall impact. Housing is built up from a number of component parts, and is most people's biggest purchase. Housing affordability is the net result from housing being produced using a number of inputs of materials and labor, and from housing being bought using incomes from a number of kinds of work.

Congressmen and presidents might, through their Fed people,  drive interest rates lower. To do this, the Fed people would incentivize bankers to create more government money (which Progressive government people wrongly claim that they can constitutionally  give bankers the privilege to do) and loan out the new money.

The new inflated money would start inflating asset prices, then producer-product prices, then  consumer-product prices, and finally labor prices: wages and other compensation like the earnings that are paid into Social Security.

But these changes produced downstream by the inflated money would take away any affordability benefits. The asset-price inflation, producer-product price inflation, and labor-price inflation would further increase housing prices.

Relief through rising wages would be particularly long-delayed in first starting, and after that would not build up substantially for a long time. First, government spending, regulation, and tariffs-in all, regime uncertainty-would need to get limited adequately. It would only be when regime uncertainty finally was limited that investors and producers would first resume substantial investment to satisfy customers. Productivity would then finally start getting increased further. Wages would in general only then finally start to get increased faster than other prices.

Also, when government people drive interest rates low, interest payments are lower, so government people also  borrow and spend more. Government borrowing further suppresses investment to satisfy customers, productivity, and recovery. Government spending directs resources to where they add the most value for politicians, not to where they  add the most value for customers.

Worst of all, producers start making investments that will never pay off. Politicians don't incentivize what customers want the most, and customers don't have savings that are being lent to customers; bankers just create money out of thin air, and subsequently destroy that money as borrowers pay off their principal. When unsustainable investments inevitably crash, producers lose the money and effort they placed at risk in hopes of profiting later. Producers lay off employees and managers. Some assets get reused, some get sold off for fire-sale prices, and some have no scrap value, so the money that was spent creating them turns out to have been entirely wasted.

Social Security currently will be insolvent in eight years, and retirement payments will then legally be required to be  cut 23%.

Social Security's residual usefulness to recipients is the net result of a large number of actions. People do a number of kinds of work, and people spend retirement payments buying a number of kinds of products.

Just like  Fed socialist  money manipulation drives up housing prices, lowers the wages that people need to pay for housing, and cause booms that multiply waste, the same Fed manipulation drives up all prices paid by retirees, lowers the value of the payments that retirees rely on to buy a number of kinds of products, and causes booms that multiply waste.

The necessary solution: Slash and burn unconstitutional government

Government  spending,  regulation, and interference of all kinds must get  severely limited.

Simple first-year cuts in the largest spending categories to start better-supporting and better-protecting the Constitution would slash national-government spending by 36% and total government spending by  24%.

Executives could stop executing unconstitutional statutes, legislators could formally repeal unconstitutional statutes, or judges could opine constitutionally on cases and succeed at pressuring politicians to uphold their  oaths, and Progressive despotism would  fail.

Once the quantity of money was no longer inflated and resources were no longer taken away from people and consumed by politicians, customers would get back into control, producers would invest sustainably and get increasingly productive, and prices, quality, and supplies would all  improve.

The problems with housing and Social Security don't come down to how to make narrow changes that provide specific savings or that change specific prices. These problems are big time; they're systemic, and they necessitate holistic solutions. In the big picture, we need to be freed to produce material comforts efficiently enough to make them  affordable.

To bring about the changes that are really required, we the people will ultimately need candidates we can vote for all across general-election ballots who will use their powers against others in governments to limit them. This can be kicked off to a fast start by electing a candidate for president who is solid, well-known, and well-regarded but who would get sidelined by the current crony-dominated major parties, so he instead runs as an  independent. The best system for selecting such candidates will ultimately be a major party that's self-limited using best-practice party rules: a party declaration, party constitution, and supporting party laws.

With housing, with  Social Security retirement payments, and similarly with  healthcare,  schooling, and all manner of products, getting politicians out of our way is the time-tested way to  increase prosperity.

 lewrockwell.com