Tuesday, October 14, 2008
Adding to the wish list
In yesterday's WSJ, Judy Shelton ("A Capitalist Manifesto") dreams of a world of better post-election-post-crisis policy. Her thoughts are all sensible. Fewer real estate asset bubbles from fewer central bank errors is always a good idea. But missing from Shelton's wish list is fewer development bottlenecks from fewer local government regulations. Ed Glaeser's "The Economic Impact of Restricting Housing Supply" makes the point. Wendell Cox elaborates the local effects.
Posted by Peter Gordon at 10/14/2008 05:17:00 AM