>the absurd explosion of housing costs Instead of the efficient allocation of capital we have wealth transfers from producers and consumers to a financial rent

>the absurd explosion of housing costs Instead of the efficient allocation of capital we have wealth transfers from producers and consumers to a financial rentier class that produces nothing. This class, which effectively owns the government and plans the economy, is responsible for not only high housing costs but high healthcare costs as well. It is gradually cannibalizing the rest of the economy and turning the population into debt slaves. This is the real road to serfdom, which Hayek missed.