Anything the government subsidizes (healthcare, mortgages, education) has exploded in cost because it’s built on a foundation of moral hazard. In essence the policies, which try and mix central economic planning with free markets, are lining the pockets of banks (guaranteeing mortgages), university endowments and admins (giving anyone with a pulse tons of money to learn), and healthcare providers (Medicare and Medicaid demand saturating resources by paying under market for the highest risk people).

I’m not saying socialized or free market approaches are better than one another. But the approach we have taken is the worst of both.

You can’t just insure the sickest demographics - you need a distribution. Either make it universal or let the free market compete for it.

You can’t just give anyone a ton of cash to learn what they want. Either make it free for all or let the free market lend to students based on expected return.

You can’t just guarantee every mortgage which keeps interest rates artificially low. Either build social housing or let the free market set interest rates.