Came across this article today by John Cochrane, The Grumpy Economist, "The Rent is Too Damn High"
It is a great read if you want a good discussion of current housing or rental prices and how many policies enacted by politicians only exacerbate the problem.
The full article can be found here.
I Particularly like this following comment from John:
"These are tough times to be an economist. As a matter of technocratic policy, this is not hard stuff. Physicists don't have to write blog posts because the candidates want to enshrine the phlogistic theory of heat. Doctors don't have to rail about HHS policy on four humor management. Somehow we are left railing against fallacies understood since the 1700s."
Monday, 24 June 2019
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