"Econ 102" with Noah Smith and Erik Torenberg Kamala/Trump Policy Discussion: Housing, Immigration, Tariffs
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Aug 21, 2024 The discussion highlights the complexities of housing policy as a dual asset and residence, exploring global strategies like Japan's and Singapore's. It questions the effectiveness of grocery price controls and emphasizes the need for strong antitrust measures. Immigration policies are scrutinized, focusing on the disparities between legal and illegal migrants. The political motivations behind immigration versus tariffs are explored, alongside the challenges posed by U.S. export controls on China's semiconductor industry, framing it as a form of economic warfare.
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Housing Policy Tension
- Housing serves two functions: consumption (living space) and investment (wealth storage).
- Making housing more affordable can decrease middle-class wealth tied to homeownership.
Singapore's Housing Success
- Singapore's housing model involves government-built housing and grants for first-time homebuyers.
- This balances affordability with wealth creation, offering lessons for other nations.
Improving US Housing Policy
- Increase housing supply through deregulation, incentives, and federal land use.
- Provide grants to first-time homebuyers to boost wealth and opportunity.