One reason is that "progressives" tend to think too much in terms of good guys (advocates of "affordable" housing))/bad guys (developers) and not enough about externalities in which collective action can make (almost) everyone better off.
Thanks for such an informative and lively episode and the reading list. Just one issue I think could do with some clarification. The problems for macro policy effectiveness of the US ceasing to be an optimal currency area are first and foremost on the monetary policy side.
Fiscal policy in the US - unlike in the Euro zone - is often designed for differential economic conditions (whether at individual/family, local or state level). The degree of state discretion over where, how and when federal monies are spent adds a further bit of complexity and buffers some of the desired fiscal impact of federal programs, as conceived by Congress or the executive branch.
It’s in fact imaginative uses of federal fiscal policy, not just regulatory action, that you and your guest are thinking about.
One reason is that "progressives" tend to think too much in terms of good guys (advocates of "affordable" housing))/bad guys (developers) and not enough about externalities in which collective action can make (almost) everyone better off.
Thanks for such an informative and lively episode and the reading list. Just one issue I think could do with some clarification. The problems for macro policy effectiveness of the US ceasing to be an optimal currency area are first and foremost on the monetary policy side.
Fiscal policy in the US - unlike in the Euro zone - is often designed for differential economic conditions (whether at individual/family, local or state level). The degree of state discretion over where, how and when federal monies are spent adds a further bit of complexity and buffers some of the desired fiscal impact of federal programs, as conceived by Congress or the executive branch.
It’s in fact imaginative uses of federal fiscal policy, not just regulatory action, that you and your guest are thinking about.
In that regard, you may find this Monkey Cage article from WaPo of interest. “Is your town urban or rural? A lot of money rides on the government’s answer — which may soon change.” by Zoe Nemerever and Melissa Rogers. https://www.washingtonpost.com/politics/2021/04/19/is-your-town-urban-or-rural-lot-money-rides-governments-answer-which-may-soon-change/
Are you angling for an invite to the next iteration of YIMBY Awards? :-)
https://yimbyaction.org/awards/