Amazon founder Jeff Bezos tries to explain Econ 101

Bret Baier: Why is socialism taking off in some quarters?

Jeff Bezos: So people look at the cost of housing, for example, and it’s very expensive. I don’t think we should underestimate the problems, but we should also look at is what the real solutions. Housing is where a lot of the government intervention that’s happened has been counterproductive.

It’s very common for politicians to say this is the fault of greedy landlords. This isn’t what’s going on. Housing is a simple supply and demand…

It’s econ 101. If you put in place government programs that subsidize demand and constrain supply, you are going to get high prices.