The David McWilliams Podcast Who Killed the Living City?
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Jul 3, 2025 The hosts delve into the stark contrast between vibrant cities like Montreal and the lifeless streets of Dublin. They explore how bad incentives, rather than bad people, contribute to urban decay. Creative solutions are proposed, including tax breaks and amnesties to revitalize neglected properties. The conversation extends to global economic dynamics, highlighting the tension between interest rates and market confidence. Ultimately, the urgent call for urban renewal resonates strongly amidst a backdrop of economic growth.
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Economic Growth Alone Doesn't Revive Cities
- Dublin and many cities with booming economies are hollowed out with empty, derelict city centers.\n- Economic growth alone doesn't revive cities; cultural and living presence is crucial.
Fed vs President: Economy Control Battle
- The U.S. president wants to accelerate the economy by lowering interest rates to boost growth and elections.\n- The Federal Reserve aims to control inflation and growth via interest rates, often acting as the brake.
Lower Short Rates Raise Long-Term Costs
- Cutting short-term interest rates can raise long-term rates due to risk premium, worsening borrowing costs.\n- This risk hurts the mortgage market and housing, undermining economic gains intended by rate cuts.
