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Bryan Caplan — The Economics of Housing Abundance

The Joe Walker Podcast

NOTE

Challenge Emotions with Common Sense

Human irrationality stems from an abandonment of common sense in favor of emotions, leading to widespread mistakes and misconceptions about the world. When individuals misinterpret reality, their actions, which might be logical in an alternate reality, become misguided in the actual world. In the context of housing deregulation, the overregulation stifles construction and alters urban landscapes, as seen in cities where building skyscrapers becomes particularly challenging due to countless regulations and restrictions. This results in skewed population distributions, where megacities could emerge from concentrated deregulation, highlighting the need to reassess regulatory frameworks to facilitate development.

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