Well, to be fair.....pic.twitter.com/G7mt9moKuE
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Fallibilist, optimist. Stripe CEO.
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Well, to be fair.....pic.twitter.com/G7mt9moKuE
You're joking, right? Population doesn't give us the supply curve in a locality. @Noahpinion
Patrick Collison Retweeted Patrick Collison
See this + previous:https://twitter.com/patrickc/status/767487087117529088 …
Patrick Collison added,
Fair enough. (In Seoul & Singapore, demand still exceeds supply. Zero evidence that rents would be lower if they *hadn't* built.)
I think it likely would be. Look at rent in the small cities that aren't Seoul or Singapore!
Singapore population was 750k in 1940. Could it have become as affluent as it is without growing population? My guess is no.
My core point is just that demand isn't fixed -- and with positive returns to marginal scale, dynamics might surprise.
Agree that demand isn't fixed. But it is chiefly driven by factors other than population size.
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