The end of the housing supply debate (maybe)
That there was ever a debate at all is still astounding. Economics has fuzzy areas, but basic principles of supply and demand are very well-established. It&#x27;s clearly nonsensical to imagine that we can simultaneously lower prices, limit supply, and allow for demand growth. The longevity of this bizarre idea demonstrates how strongly political ideas of how the world <i>ought</i> to work blind us to how the world <i>does</i> work. We&#x27;d do well to take the wool from our eyes in other contentious disputes.