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The case for one billion Americans, & more (Matt Yglesias)

Rationally Speaking Podcast

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Inequality Impacts Asset Prices, Right?

CNN's John Sutter looks at the impact of inequality on housing prices. He says high land prices have so much throughput into housing prices because you're not allowed to build multiple dwellings on the single piece of scarce land. The population of Tokyo keeps growing, even though the population of Japan is shrinking, right? Which just tells you something about the demand for urban living, he says.

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