Kim-Mai Cutler Retweeted Jed Kolko
Kim-Mai Cutler added,
Jed KolkoVerified account @JedKolko
Good thing or bad thing? Housing constraints in rich places do spread the wealth, in a sense.
But those growth constraints in rich places (1) slow macro output, (2) exacerbate inequality, and (3) push growth to already-booming places, not the most struggling places.
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