2min chapter

"Econ 102" with Noah Smith and Erik Torenberg cover image

Why Libertarianism Fragmented, How the Right Became Statist, and Culture Wars

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

The Importance of Housing in a Culture War

In San Francisco, the sort of wars between affinity groups and interest groups are caused by the shortage of housing. It's not just economic growth, you can have economic growth in the area just by bringing in a bunch of rich people to work at rich companies. And so average incomes go up but yet no one can afford to live here anymore.

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