America has an affordability crisis. Most politicians agree on that. And we’re expecting to see this play out at the polls. What politicians do disagree on (often loudly and counterproductively) is why it’s happening and who’s to blame. Too many of the proposed solutions treat the symptoms while ignoring the disease entirely. But as Akash Chougule points out, failing to address spending that has lead to this affordability crisis is having consequences. Politicians are losing their job for ignoring this issue. Welcome to Episode 16 of From Ideas to Innovation. Akash is the President of the Foundation for Research on Equal Opportunity (FREOPP), a think tank focused on upward mobility for Americans on the bottom half of the economic ladder. He’s also one of the most experienced policy advocates working at the intersection of ideas and implementation — having spent time on Capitol Hill, at Americans for Prosperity, and at Stand Together before landing at FREOPP. His organization just released Affording the American Dream, a handbook that confronts the affordability crisis head on and identifies the specific policy reforms that would make the biggest difference for the most Americans. In this episode, Akash shares a behind-the-scenes look at how policy actually gets made, and what it takes to change it. About This Episode’s Guest Akash Chougule came to appreciate free market ideas not merely from studying political theory but because he saw the impact on his own family. His father grew up in lower-middle-class India, in a family of six children who lost their father at a young age. Starting in third or fourth grade, he woke at four in the morning to study — because he had a dream to come to America, a place where anything was possible if you were willing to work for it. In his mid-twenties, he left behind everyone he knew, arrived with $26 in his pocket, bought a 90-day bus pass, and traveled the country by overnight bus. He slept in bus stations in Cleveland and Newark. On the 89th day, he got his first job. To this day, the family celebrates July 15th as the day he arrived in this country, his Americversary. This day marked the start of his family achieving the American Dream. That story has shaped everything Akash believes about what America is and why it’s worth fighting for. It sent him to Washington, where he spent two years on the House Education and Workforce Committee, followed by roles in advocacy and research at Americans for Prosperity and Stand Together. Now as President of FREOPP, he leads an organization with a specific and underserved mission: improving the lives of Americans on the bottom half of the economic ladder using freedom, innovation, and pluralism. He does this through rigorous research, bipartisan coalition building, and a refusal to accept that the gap between good ideas and good policy is inevitable. What You’ll Take Away * Why high prices are the symptom and bad policy is the disease — and which policies are actually driving the affordability crisis * Why populism is offering economic solutions to non-economic problems * What working on Capitol Hill taught Akash about moving ideas into law — including why think tanks need to know how to redline existing statutes, not just write white papers * How the benefits cliff means earning just $1,000 more can cost a family $25,000 in benefits * Why childcare deregulation may be the most underrated affordability fix nobody is talking about * What changed Akash’s mind about the people who work in government, and why it matters for how we build coalitions Thanks for reading From Ideas to Innovation! This post is public so feel free to share it. Cross-Sector Connection Akash has been the researcher producing ideas, the advocate translating them, and the practitioner trying to move them through a political system that wasn’t designed to make it easy. His insights have something concrete to offer the three audiences that belong in this conversation: Researchers and academics will find in Akash a direct challenge to stay closer to the implementation side of the ideas they produce. From his time on Capitol Hill, he saw having the right ideas is essentil but it isn’t enough. That the staffer who agrees with you is unable to help if you can’t show him exactly which words to change in the statute. Research that can’t be turned into legislative language for a young, overworked staffer juggling 12 issues at once is research that stays on the shelf. Policymakers should take Akash’s warning seriously: failure to address the root causes of the affordability crisis will have political and human consequences. FREOPP’s handbook offers focused, specific reforms and a clear framework for understanding why housing, healthcare, energy, childcare, and college are the issues that most directly determine whether the American Dream is achievable for people who weren’t born into it. Akash’s point about the benefits cliff is particularly important: people on these programs are making economically rational decisions. The policy is the problem, not the person. Business leaders and entrepreneurs will see how the affordability crisis is also a talent crisis, a workforce crisis, and a community crisis. When young people can’t afford to buy homes, start families, or stay in the communities they grew up in, the downstream effects reach every employer in every sector. The connection between housing policy, childcare policy, and the ability to attract and retain workers is not abstract — and Akash makes the case that business leaders have a stake in these fights that they aren’t always exercising. Final Thoughts I was struck by Akash’s reframing of the populism debate — and a point he made almost in passing that I haven’t been able to stop thinking about. When I asked what he changed his mind on over the course of his career, he didn’t talk about a policy position. He talked about people. The people who work in government are smart and driven — they could be making their wealth in tech, finance, or energy. But they choose Washington, with the long hours and modest salaries, because they care. Including, he was quick to add, his Democratic counterparts. That matters for how we approach the affordability crisis. Across the political spectrum, our leaders often aren’t wrong about the problems. Rural communities hollowing out, young men without direction, families unable to afford to get started — these are real issues. What they get wrong is the solution. They’re offering economic answers to what are fundamentally cultural, social, and community problems. If we can’t be honest about those non-economic dimensions — if we only talk about tariffs and tax rates and regulations — we’re going to keep losing the argument to people who at least acknowledge something deeper is broken. The people in government trying to fix it are mostly there for the right reasons. It’s up to us to give them the right ideas to work with. Related Reading & Listening * Affording the American Dream — FREOPP’s handbook on the specific policy reforms that would most directly address America’s affordability crisis. Worth reading alongside this episode. * Josh Bandoch’s recent FREOPP paper on the benefits cliff connects directly to Episode 2, where Josh joined the podcast to discuss persuasion and how to move ideas across ideological lines. * For more on safety net reform and what it actually takes to turn good policy into real outcomes, listen to Episode 11 with Aly Rau Brodsky, also from FREOPP, on closing the gap between ideas and implementation. * For more the abundance framework and where Akash’s analysis of its limits fits, see Episode 3 with Vance Ginn and Richard Morrison. Next Time… I hope you’ll tune in for my next conversation in two weeks. I’m joined by my Archbridge Institute colleague Clay Routledge to discuss the psychological benefits of nostalgia and how it can help us live better lives. In the meantime, please subscribe and share the episode with a colleague who will find the topic interesting. This is a public episode. 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